For those who have lost track of the Saab saga, back in 2010, the struggling was sold by General Motors to supercar and race car builder Spyker.
Spyker announced on August 6th that they were suing General Motors for $3 billion, insisting that the American auto giant made corporate moves to force the Saab brand into bankruptcy.
National Electric Vehicle Sweden (NEVS), the Swedish-based electric vehicle company is owned by a Chinese-Japanese investment group, purchased the Saab auto brand from the Swedish government early
The National Highway Traffic Safety Administration opened the preliminary investigation into the 2006 and 2007 Chevrolet Trailblazer sport utility vehicle in February 2012 after receiving 12 compla
The quest to rescue the Saab brand has fallen upon a consortium of Chinese, Japanese and Swedish investors, with the launch of a new company, National Electric Vehicle Sweden AB (NEVS).
The news, reported by Bloomberg, indicates that Mahindra & Mahindra wants to talk with the Swedish bankruptcy court overseeing Saab's bankruptcy proceedings.
According to the people at Automotive News from a statement issued yesterday by Saab, "warranty coverage is suspended indefinitely for all new Saab vehicles sold.
Saab and parent company SWAN have been struggling since April to gather enough cash to pay a variety of unpaid creditors, suppliers and employees in any way that they could.
This announcement comes as a huge surprise as Pang Da and Youngman each made their own separate buyout offers earlier this week – offers which enraged Saab and Swan management so deeply that the Sw
Over the past few months there has been plenty of bad news for Saab but no matter what bad news came their way, the Swedish automaker was quick to shrug it off with the promise of two very lucrativ
If you have been following along with the incredible saga that has become the Saab brand, the name North Street Capital should sound familiar.
This bridge loan of $97 million US dollars was originally announced back in September and while many may ask “who would loan almost $100 million to a company who is about to go bankrupt?”, this loa
Saab's investment agreement between its parent company Swedish Automobile and prospective Chinese investors Pang Da and Youngman is on track, according to CEO Victor Muller.