egeltjemetstekel schreef op 11 oktober 2011 22:38:
www.autoweek.com/article/20111011/CAR...Bankruptcy looms for cash-starved Saab
Recommend
Saab's assembly lines have been idle since June.
Published on 10/11/2011
Related Articles
Will Saab rise like a phoenix from the ashes?
Saab parent company to sell Spyker luxury brand to U.S. firm
Swedish court rejects Saab creditor-protection plea; Saab will appeal
Saab seeks court protection from creditors
Saab might file for bankruptcy, again
Saab pulls out of Frankfurt auto show
The future is growing dim for SaaSaab.
Reports from Europe say the Swedish courts may soon declare Saab bankrupt--possibly as soon as Wednesday--because the company is out of cash.
Saab recently won court protection from its creditors while it waited for funds. It has been expecting a loan of $95.7 million from Chinese car company Youngman and $239 million from Chinese company Pangda. The money would let Saab pay salaries and restart its production line in Sweden, which has been idle since June. To stay afloat, Saab has been selling its other assets.
But news reports in Europe say the Chinese government may not OK the deals. One sticking point is that Saab is not being required to give up any new rights to intellectual property as a condition of the payouts.
Without some cash, Saab is out of gas.
Read more:
www.autoweek.com/article/20111011/CAR...