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Saab receives first payment from Youngman announced

October 14, 2011 Filed Under: Saab  
Saab receives first payment from Youngman announced

Saab Automobile has confirm that the reorganization is progressing and that a first payment by Youngman under the bridge loan funding commitment as announced on September 12 was received by Saab Automobile. The company’s short-term stability until the Chinese government approves a €245 ($336) million investment by Pang Da and Youngman and Saab Automobile are expected to be made during this... 

Saab Automobile granted bankruptcy protectionSaab Automobile granted bankruptcy protection

Saab has announces that Saab Automobile AB and its subsidiaries Saab Automobile Powertrain to improve efficiency as part of business plan review. The purpose of the voluntary reorganization process is to secure short-term stability while simultaneously attracting additional funding, pending the inflow... 

Saab delays payment of the wages employees, in the near time?Saab delays payment of the wages employees, in the near time?

Netherlands, 26 July 2011 – The Saab company announces that Saab Automobile AB (Saab Automobile) has delayed of payment. because funds that were committed by investors were not paid in time, Saab Automobile is taking all necessary actions to collect these funds and continues discussions with various... 

Saab Automobile resume production againSaab Automobile resume production again

Sweden, This is a highly important moment for everyone at Saab Automobile, The first cars where an initial batch of 100 cars will be rolled off the assembly line of a silver Saab 9-5 Aero XWD and an orange Saab 9-3 Convertible. The plant has the restart of production were Victor Muller, CEO and Chairman... 

Spyker announces distribution for Saab with China PartnershipSpyker announces distribution for Saab with China Partnership

Sweden, Spyker Cars N.V. announces today that Spyker and Saab Automobile AB in China´s largest publicly traded automobile distributor with over 1100 dealerships nationwide. Pang Da shall make a EUR 30 million payment for the purchase of Saab vehicles and is expected to make an additional EUR 15 million... 

Viper-powered Saab 9-3 SportCombi [video]Viper-powered Saab 9-3 SportCombi [video]

Saab has been designed from the ground vehicle model that has been booked in advance, especially on the chassis was strengthened and equipped with unique suspensions that amazing that a car that looks as hot as the snake looks really sexy, this brand was originally purchased by Chrysler, and has created... 

Saab is in financial trouble in Swedish carmakerSaab is in financial trouble in Swedish carmaker

Saab is in financial trouble in Swedish carmaker Saab scrambled to resolve a crisis over tens of millions of crowns in unpaid bills. Saab spokeswoman Gunilla Gustavs said the carmaker is working intensively to get supplies moving again. Spyker, which bought loss-making Saab from General Motors (GM.N)...