Cookie Consent by Free Privacy Policy website SAAB AUTOMOBILE FILES FOR BANKRUPTCY
dicembre 19, 2011 - Saab

SAAB AUTOMOBILE FILES FOR BANKRUPTCY

 SAAB AUTOMOBILE FILES FOR BANKRUPTCY 

After having received the recent position of GM on the contemplated transaction with Saab Automobile, Youngman informed Saab Automobile that the funding to continue and complete the reorganization of Saab Automobile could not be concluded. The Board of Saab Automobile subsequently decided that the company without further funding will be insolvent and that filing bankruptcy is in the best interests of its creditors. It is expected that the Court will approve of the filing and appoint receivers for Saab Automobile very shortly.