Saab Could Lose Court Protection From Creditors

Saab Could Lose Court Protection From Creditors
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Saab has officially been struggling for two whole years now, since its problems first came to light in December, 2009. With time, it has seen some positive developments, but things don’t look any better for the foreseeable future. A few months ago, Saab had received a court order that prevented its creditors to push the… Continue Reading...

Saab Breaks-Off from General Motors: “Born From Jets” Company to Fly Solo

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Saab Breaks-Off from General Motors: “Born From Jets” Company to Fly Solo
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After Saab’s request for “reorganization” was approved by a Swedish court today, the carmaker has announced that it will look to restructure itself as an independent entity. This move is the first step in a process that would allow Saab to restructure itself and renegotiate terms with creditors. This, after Saab said it estimates a… Continue Reading...