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Press Release: Saab Automobile Lodges Appeal Against District Court Ruling

Trollhättan, Sweden: Swedish Automobile N.V. (Swan) announces that Saab Automobile AB and its subsidiaries Saab Automobile Powertrain AB and Saab Automobile Tools AB (collectively Saab Automobile) today lodged their appeal against the District Court’s decision last week to reject Saab Automobile’s proposal for voluntary reorganization. The appeal will be heard by the Court of Appeal in Gothenburg, Sweden. Saab Automobile […]

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Press Release: SAAB AUTOMOBILE SIGNS EUR 70 MILLION TECHNOLOGY LICENSE AGREEMENT

Zeewolde, The Netherlands, 12 September 2011 – Swedish Automobile N.V. (Swan) announces that Saab Automobile AB (Saab Automobile) signed a technology license agreement with a special purpose vehicle named Swedish Automobile coöperatief U.A. (SPV). The license agreement relates to the non-exclusive rights in Saab Automobile’s Phoenix architecture technology for a consideration of EUR 70 million. As part of the transaction,

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Statement: Further clarifications made by Victor Muller in respect of salary payments

In the past few days Saab Automobile AB’s CEO and Chairman Victor Muller has made statements that the company is in a position to make salary payments to its employees but would not be able to do so because of legal restrictions. These statements have unfortunately led to the interpretation that the funds would be available within Saab Automobile AB.

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Press Release: Saab Automobile Update On Voluntary Reorganization

Trollhättan, Sweden: Swedish Automobile N.V. (Swan) announces that Saab Automobile AB and its subsidiaries Saab Automobile Powertrain AB and Saab Automobile Tools AB (collectively Saab Automobile) aim to submit their appeal on the District Court’s decision to reject Saab Automobile’s proposal for voluntary reorganization on Monday September 12, 2011. In yesterday’s decision, the District Court argued that the application of

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Press Release: Court rejects voluntary reorganization application. Saab Automobile to appeal decision

Zeewolde, The Netherlands, 8 September 2011 Swedish Automobile N.V. (Swan) announces that the District Court in Vänersborg, Sweden today rejected the proposal for voluntary reorganization by Saab Automobile AB and its subsidiaries Saab Automobile Powertrain AB and Saab Automobile Tools AB (collectively Saab Automobile). Saab Automobile is disappointed with the ruling and will appeal the District Court’s decision. Swan will

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Press Release: Saab Automobile AB Files For Voluntary Reorganization

The following is a release from Swedish Automobile: —— 7 September 2011 Saab Automobile AB Files For Voluntary Reorganization, Saab Automobile Parts AB And Overseas Subsidiaries Excluded Trollhättan, Sweden: Swedish Automobile N.V. (Swan) announces that Saab Automobile AB and its subsidiaries Saab Automobile Powertrain AB and Saab Automobile Tools AB (collectively Saab Automobile) will file for voluntary reorganization today at

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Press Release: SWEDISH AUTOMOBILE N.V. including SAAB AUTOMOBILE AB REPORTS ITS SEMI-ANNUAL RESULTS 2011

Management working on different scenarios to secure funding and ensure longer term continuity of Saab and Group Zeewolde, the Netherlands, 31 August 2011 – Swedish Automobile N.V. (Swan), a holding company that owns subsidiaries which produce and sell premium automobiles under the Saab and Spyker brands (together referred to as the “Group”), today announces its interim results for the first

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Press Release: SWEDISH AUTOMOBILE UPDATE ON SAAB AUTOMOBILE

Zeewolde, The Netherlands, 26 August 2011 – Swedish Automobile N.V. (Swan) is aware of certain reports in Swedish media related to a possible filing by Saab Automobile AB (Saab Automobile) for a voluntary reorganization under Swedish law. Swan confirms its earlier announcements that it is in discussions with several parties to secure the short and medium term funding of Saab

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