Hong Kong-based National Electric Vehicle Sweden producing new , more than two years after Saab bankruptcy Published: 2 Dec Saab car brand restarts production in . Dec 21, · Saab: Bankruptcy and the Buyer. Saab has filed for bankruptcy. This isn’t the same kind of bankruptcy that General Motors went through and came out the other side still in business. Saab will be liquidating its assets, ceasing to exist. Someone may still come to buy the company, but no one should hold their breath. Saab Automobile was sold to Spyker Cars N.V. in after a deal between Spyker and then-current owner General Motors. After struggling to avoid insolvency throughout , the company petitioned for bankruptcy following the failure of a Chinese consortium to complete a purchase of the company; the purchase had been blocked by former owner GM, which opposed the transfer of technology and .
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Administrators for Saab say they have found a buyer for the ailing Swedish carmaker. Published: AM. Is your Saab warranty worth the paper it's written on? Published: 3 Feb Saab denied bankruptcy protection. Struggling carmaker's plans thrown into chaos as local court expresses doubt about its restructuring proposals. Published: 8 Sep Saab seeks bankruptcy protection. Published: 7 Sep Saab handed lifeline as carmaker wins order from Chinese company. Order to build new vehicles for undisclosed Chinese firm means Saab can pay staff and suppliers, and resume production.
Published: 27 Jun Abba, Borg and the Saab 99 Turbo — was the year when Sweden ruled. Published: 23 Jun Bankruptcy looms for Saab as it runs out of cash to pay staff their wages. Saab tries to turn corner with help from Chinese car dealer. Swedish carmaker hopes to restart production after cash injection from Pang Da. Published: 22 May Motoring: On the road On the road: Saab Aero 2. It's an incredible bulk, says Andrew Anthony.
Published: 13 Nov GM bounces back into profit after coming close to oblivion. Detroit carmarker's fortunes revived by cost-cutting plus strong sales in the US and emerging markets. Published: 17 May On 29 January the receivers handling Saab's bankruptcy stated that discussions were being held with four or five interested parties with the intention of buying Saab out of bankruptcy.
On 14 February the receivers of the bankruptcy let the press know that there were now six or seven interested parties to buy Saab as a whole and restart production of Saab vehicles and that they aimed to have a final candidate before the end of February.
On April 10, , many documents regarding the bankruptcy became official and the deadline for final bids of Saab Automobile was reached. The potential sale of Saab would therefore mean that many with claims on Saab Automobile would not be paid.
The receivers hoped to have a deal done before summer. The receivers also found that the sale of the Saab Automobile property in the summer of may not have been legitimate and the property may have to be returned to Saab.
It was also mentioned that Saab AB has strategic partnerships with one of the interested parties in buying Saab Automobile, Indian Mahindra , regarding aerospace and defence and that Saab AB is trying to sell its Jas 39 Gripen fighter jet to India. However, Buskhe did not want to comment on Mahindra 's offer on Saab Automobile. Consequently, the deal finally collapsed and Saab was forced to file for bankruptcy. According to Spyker, the actions taken by GM were not legal.
In June , the district court dismissed the lawsuit, ruling that General Motors was within its rights to block the sale. A Swedish book, Saabs sista strid , was published on August 28, The book chronicles Saab Automobile under Spyker Cars and the road to bankruptcy. From Wikipedia, the free encyclopedia. Retrieved Ik leende van hem de 74 miljoen dollar die wij voor de overname contant aan GM moesten betalen. Dat wisten de Amerikanen overigens ook.
I borrowed from him the 74 million dollar that we had to pay in cash to GM for the acquisition. The Americans knew this too. The Swedish Wire. Archived from the original on September 14, Retrieved 8 March Retrieved 18 May Archived from the original on Swedish ".
Dagens Industri in Swedish. Inside Saab. Archived from the original on 26 September Retrieved 22 September The New York Times. Retrieved 29 October BBC News. Retrieved 11 October Saabs sista strid. The Times of India. December Wall Street Journal. Categories : Bankruptcy Saab Spyker. Hidden categories: CS1 Swedish-language sources sv. Namespaces Article Talk. Views Read Edit View history. Help Community portal Recent changes Upload file. Download as PDF Printable version. Add links.