Posted by Mark
The latest Saab bankruptcy filing makes the demise of the company all but certain. The company will not honor any warranties, but General Motors has agreed to honor Saab warranties in the U.S. Yet another Saab bankruptcy Every few years, Swedish auto firm Saab looks to be down for the count, but the latest bankruptcy Read on! →
The biggest obstacle to Saab being rescued in the past few years has been its former owner, General Motors. As a result, Saab’s current parent company, Spyker, has slapped GM with a $3 billion lawsuit for allegedly sabotaging a deal which would have saved the company. Spyker files suit over continuing drama Despite being in Read on! →
Swedish automaker Saab has been on the ropes for years, but the firm may have been saved by two Chinese auto firms. A last minute agreement by Zhejiang Youngman Lotus and Pang Da to purchase Saab appears to have saved it from liquidation. Possible end to Saab story Earlier this year, it was announced that Read on! →
Saab, the iconic Swedish auto maker, seems to be facing one sob story after another. The troubled auto firm recently filed for bankruptcy protection, as the auto firm needs to reorganize itself and shed debt to return to viability. New chapter in sordid Saab saga In 2009, General Motors announced that it would be divesting Read on! →
Saab’s descent into bankruptcy may kill the brand name, but evidence suggests that its engineering and technology will live on. The Swedish automaker, whose name derives from its original founding company Swedish Aerospace AB, has some small car architecture waiting in the wings. According to the Detroit Free Press, the automaker that buys the rights Read on! →
It is almost the end of another year, as New Year’s Day and the start of 2012 is drawing closer. Here is a list of cars that we said goodbye to this year. Nitro that was not a gas According to USA today, two Dodge crossover SUVs that date to Chrysler’s tenure as a division Read on! →
In 2009 and 2010, General Motors ran Saab through bankruptcy and re-organization, then sold it to the Dutch auto group Spyker. Now, a judge has denied Saab’s request for bankruptcy protection, which means there is a possibility the car maker will fold. Saab files for bankruptcy protection As reported yesterday, Saab owes approximately $210 million Read on! →