About three months ago I think I remember passing a new Saab on the highway. I guess it was new. I couldn’t ID it and really didn’t care to.
Spyker Cars, the low volume and high performance branch of Swedish Automobiles has been sold to US firm North Street Capital.
Saab was unable to pay their workers in June and July but they were quick to find the funds to make those payments shortly after they were originally expected, thus avoiding bankruptcy.
Saab and parent company Swedish Automobiles originally requested government protection from creditors when their banks began receiving notices of possible bankruptcy proceedings earlier this month
Saab has made strategic moves over the past few months to acquire chunks of cash to pay angry creditors and suppliers but with the Swedish automaker being late to pay their union workers in June an
Saab claims to owe suppliers somewhere in the area of $210 million but their bigger concern right now is the fact that for the second month in a row, they were unable to pay their workers.
The news of Saab requesting government protection for their creditors comes after the Swedish debt enforcement agency began contacting Saab’s banks with an interest in claiming assets.
Saab has avoided several bankruptcy claims in the past few months but none of those proceedings against the company have gotten this far, as the Swedish Enforcement Agency is now free to seize Saab
Frankfurt is one of the key European motor shows so for the Saab to announce that they will not be making it to the show – it looks like another strike against the company’s success.
When the EIB granted the massive loan to Saab and Swedish Automobiles (formerly Spyker), one of the stipulations was that young Russian billionaire Vladimir Antonov not be granted any ownership of
This newest loan to Saab comes from Gemini Investment Fund, a Bahamas-based hedge fund, and with this latest infusion of 229 million Swedish Krona ($35.4 million USD or 25 million Euros), Saab hope
I haven't seen this much drama since I saw that T.V. show where Bobby married Sally who in turn was also married to Frank.
Saab has spent much of this year dealing with a serious cash flow issue that has not allowed them to pay their suppliers and things have gotten so bad that the company cannot get enough components
Saab’s Trollhattan production facility has been shut down for most of April and May due to non-payment issues with a long list of vendors; some of which were revealed last week in a filing with a S
The Swedish online newspaper GT published the full list of the 48 companies who are looking to have Kronofogden collect 23,743,014 Swedish Krona – which amounts to $3,672,944 US dollars with the cu
About 100 Saab automobiles will be built today in the first day of production at the Swedish manufacturer since April 6.
Spyker/Saab has not offered a clear indication as to exactly what caused the termination of this partnership, but today’s announcement simply stated that the May 3rd agreement between the two compa