Saab Sold to National Electric Vehicle Sweden

Saab Sold to National Electric Vehicle Sweden
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The what seems to be the never-ending saga of Saab‘s bankruptcy may finally be at an end. It appears that a deal has been struck with the National Electric Vehicle Sweden (NEVS), a Swedish-registered firm that made a bid late last month. Continue Reading...

Deadline for Final Bids on Saab is April 10

Deadline for Final Bids on Saab is April 10
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As the Saab bankruptcy saga starts to come to a silent end, or so we hope, the deadline for companies to place their final bids for the Swedish carmaker has been set for April 10th. Currently, the only company that has publicly registered its interest is Chinese automaker Youngman that has been in the picture… Continue Reading...

Volvo Bids to Buy Saab Assets

Volvo Bids to Buy Saab Assets
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Swedish automaker Saab is attracting more interest dead than alive. The officially bankrupt automaker is in the process of liquidating its assets and former rivals are lining up to buy a piece of the much-talked-about but little-bought maker of quirky cars. Recent reports indicated that German automaker BMW was interested in purchasing Saab, but we… Continue Reading...

BMW One of Multiple Bidders Interested in Saab

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BMW One of Multiple Bidders Interested in Saab
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The ongoing saga around Saab’s bankruptcy seems to never end, and this time around there may be six to seven serious bidders for the Swedish automaker, one of which is believed to be BMW. At their weekly press conference, the company touched on its pressing salary situation for its current employees and mentioned that it… Continue Reading...

Turkish Private Equity Firm Confirms Saab Bid in the Works

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Turkish Private Equity Firm Confirms Saab Bid in the Works
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A Turkish private equity firm, Brightwell Holdings, has announced its interest in placing a bid on now bankrupt Swedish automaker, Saab. The firm, based out of Istanbul, invests in energy, transport and technology and wishes to buy all of Saab and wishes to keep production in Sweden. “We will make a bid very shortly, there’s… Continue Reading...

US Saab Dealerships Looking To Liquidate Inventory

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US Saab Dealerships Looking To Liquidate Inventory
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Lost in the news regarding Saab‘s bankruptcy is the impact on US dealerships as they were forced to sell all vehicles as is and with no warranty since December 19th, 2011. Many dealerships are looking for ways to liquidate their inventory as all 188 US dealerships were also notified that all factory incentive programs and… Continue Reading...

Saab Files for Bankruptcy

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Saab Files for Bankruptcy
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Saab’s financial rollercoaster seems to have come to what many have speculated would be its inevitable conclusion, with the Swedish automaker today announcing it has filed for bankruptcy with the District Court in Vänersborg, Sweden. The news comes as Saab was seeking to reorganize, with the struggling car maker desperate to arrange funding. The most… Continue Reading...

Saab Turning To Youngman For Loan In Order To Avoid GM’s Approval

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Saab Turning To Youngman For Loan In Order To Avoid GM’s Approval
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Saab‘s clock is ticking quickly to find a way out of bankruptcy with just a “very few days” left to find a loan. Unfortunately, General Motors has been playing a vital role in blocking Saab from selling any of the company to a Chinese automaker, forcing Saab to try to find a loan. Since Saab… Continue Reading...