All Things SAAB

December 11, 2011

Days To Avoid Bankruptcy

Filed under: general — admin @ 1:28 pm

We are back in the same place again with Saab where has been reported that  600m euros need to be found within days to avoid bankruptcy.

Protection from such a fate had been sanctioned back in September, but it now looks like that protection is being challenged and unless money is raised or at least some guarantees, it may be that previous court ruling will be changed and Saab will see its last days in motor production.

There are discussions regarding loans and ownership, which have been fought by General Motors in the past, as previous owners they still licence certain technology, specifically at Zhejiang Youngman wanting to own some of Saab, but it looks that if loans are secured from China, agreement form GM may not be needed.

Once again we wait to see if this great Swedish car manufacturer will survive difficult times and if it does, will it keeps its roots.

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