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GM Says 'No' To Saab Sale: We Recap The Saga's High Points Up To Today
The long, strange, saga of Saab may finally be coming to a close. Even though there's a shaky deal with Chinese investors in the works, GM has said that it will block any sale of Saab that involves the sharing of GM technology. As a result, Saab's reorganization administrator is once again pushing...Read More»
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% of the company. But the three parties still have a few hoops to jump through, including getting authority from Chinese...Read More»
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 grimmer. If you've been following this story, you know that Pang Da and Youngman have been the only investors willing to give...Read More»
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 enough to keep the brand afloat, though, and the company has been banking on investments from China for its long-term stability...Read More»
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 earlier today, the company filed for "voluntary reorganization" with the District Court in Vänersborg, Sweden. Critics...Read More»
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