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.
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.