Swedish Authorities Seize Saab Museum Collection
October 15th, 2013 9:57 PM
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Saab‘s museum collection of historically significant vehicles was seized by Swedish authorities from the company’s museum. The Swedish Enforcement Office took possession of the museum and other contents, including 13 exhibits, 22 engines and six workshop tools.
Saab is said to owe parts suppliers more than $31 million in overdue payments, and the Swedish government is moving to seize Saab’s assets. Saab was said to have been readying to sell off its museum collection, but was granted protection from creditors, enabling them to hold off attempts to seize assets.
[Source: Left Lane News]
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