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Saab's U.S. Dealers Pray For Miracle, Ask For Chapter 11 Protection

Saab's U.S. Dealers Pray For Miracle, Ask For Chapter 11 Protection

Saab is dead, but the dream of Saab lives on -- at least in the U.S. According to a report in AutoNews, a group of Saab dealers in the States have banded together to petition a U.S. Bankruptcy Court for Chapter 11 status. Why Chapter 11? Because it allows the possibility -- no matter how slim --... read more

January 31, 2012 by  - 4
2011 Saab 9-5

Saab Starts A New Chapter, But How Long Will It Be?

On Friday of last week, struggling Swedish automaker Saab signed a memorandum of understanding with Chinese partners Pang Da and Youngman. The MOU essentially sells Saab to... read more October 31, 2011 by  1

2011 Saab 9-5

Saab Sold To Chinese Investors, But Will Beijing Approve?

The strange saga of Saab has taken another hairpin turn this morning: in a short post to its website, Saab says that Chinese firms Pang Da and Youngman will now purchase 100%... read more October 28, 2011 by  2

2011 Saab 9-5

Saab Ends Deal With Pang Da & Youngman: The End Is (Probably) Near

Saab fans, we have some bad news: the automaker has cancelled its agreements with Chinese firms Pang Da and Youngman. As a result, Saab's future seems a little dimmer and... read more October 24, 2011 by  1

2011 Saab 9-5

Saab's Chinese Suitors Bail, Court Asked To Pull The Plug

Yesterday, Saab hit the snooze button and dreamed of survival a bit longer, thanks to a series of loans from North Street Capital totaling $70 million. That isn't nearly... read more October 21, 2011 by  1

2011 Saab 9-5

Saab Gets A Lifeline From North Street Capital

Saab, or more specifically Swedish Automobile (Swan), has received a monetary lifeline from North Street Capital, LP. The deal will generate $10 million in cash (for shares... read more October 20, 2011 by  3

2011 Saab 9-4X Aero

Saab Still Awaiting Funding From Chinese Partners

In mid-September, amidst the chaos surrounding the potential bankruptcy of Saab, the automaker received what it thought was good news. Chinese partner Youngman agreed to... read more October 6, 2011 by  0

2011 Saab 9-5

Saab Bankruptcy Hearing Set For September 26

Two white-collar labor unions have filed bankruptcy proceedings against Saab as expected, and the lower court in Vanersborg, Sweden has set a hearing date of September 26... read more September 16, 2011 by  0

Vauxhall/Opel electric car concept for 2011 Frankfurt Auto Show

Saab's In Trouble, Reese Witherspoon Hit By Car: Car News Headlines

Reese Witherspoon has been hit by a car driven by an 84-year-old. [MotorAuthority] In an era of downsizing, GM says the small block V-8 isn't going away. [TheCarConnection]... read more September 8, 2011 by  0

2011 Saab 9-5

Saab Files For Bankruptcy Protection; Will China Save The Day?

Saab has had more than its share of troubles the past few years, and the company's failing finances have been headline fodder for weeks. So it should come as no surprise that... read more September 7, 2011 by  0

2009 Saab 9-5 SportKombi

Saab To File For Court Protection From Creditors, Unions: Report

Saab's logo may be the mythical griffin, but a nine-lived cat might have been more appropriate. The struggling Swedish automaker has already twice cheated death at the hands... read more August 26, 2011 by  2

2011 Saab 9-4X

Saab Drowning In Debt, Customers Jump Ship, CEO Gets Raise

Usually there's a lull in auto news at this time of year, but Saab is bucking the trend with plenty of high-stakes drama. New reports indicate that the Swedish government is... read more August 18, 2011 by  2

2011 Saab 9-5 Aero

Despite Funding Commitments, Saab Still Can't Pay Workers

In the past few months, Swedish Automobile (Saab’s parent) has signed agreements with Chinese partners Pang Da Automobile Trade Co, Ltd. and Zhejiang Youngman Lotus... read more July 26, 2011 by  7

Chevy, Buick, and GMC 'Main Street in Motion' drive event, CitiField, NYC, June 2011

Chevy, Buick, GMC Get 'Butts In Seats' Via Stadium Drive Days

Let's say you're the largest U.S. automaker, and you have a little problem. You're building cars that get good reviews for features, fit, finish, and fuel economy, but half... read more June 20, 2011 by  7

U.S.-spec 2012 Fiat 500c

Fiat Buys Out The Feds, Becomes Majority Owner Of Chrysler

It's hard to believe that two years have passed since Chrysler's Chapter 11 hearings concluded (next Friday is the grim anniversary). Now, the automaker is preparing to begin... read more June 3, 2011 by  7

GM Logo

Report: Treasury To Hold GM Stock Until August

When will the Federal government get out of General Motors? Likely not until the end of the summer, according to a new report out of Detroit. In theory, the Treasury... read more May 12, 2011 by  0


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