Zeewolde, The Netherlands, 26 August 2011 – Swedish Automobile N.V. (Swan) announces that it will publish its semi-annual results on 31 August 2011, instead of the previously communicated date of 26 August 2011. Swan has decided to delay publication as it is currently still in the process of finalizing the semi-annual report.
Press Release: SWEDISH AUTOMOBILE TO PUBLISH SEMI-ANNUAL RESULTS ON 31 AUGUST Read Post »
Yesterday, we informed staff that there was a risk that the payroll due on August 25 would be delayed. We can now confirm that there is a delay. The company is working hard to secure financing, enabling us to fulfill our commitments. At present we cannot confirm a date for the payment of salaries but we will continue to provide
Inside Saab: More information about salaries and factory staff Read Post »
Trollhättan, Sweden: Swedish Automobile N.V. (Swan) and Saab Automobile AB (Saab Automobile) announce that there is a risk of delayed payment of August wages to Saab Automobile employees as some of the funds that were committed by investors may not be paid in time to effect such salary payments. Saab Automobile is taking all necessary actions to collect these funds
Press Release: Saab Automobile Informs Employees On Salary Payments Read Post »
Saab has decided that the company will not be present at the 2011 Frankfurt Motor Show. Presence at the show requires resources that Saab are currently allocating towards the restart of production in Trollhattan. Whilst it would be desireable to be at the show to help further Saab’s global presence, it is not considered an appropriate use of resources at
Trollhättan, Sweden: Swedish Automobile N.V. (Swan) announces today that it issued a subscription notice for 4 million shares under the current EUR 150 million equity facility between Swan and GEM Global Yield Fund Limited. The exact number of shares to be issued and the price thereof will depend on the pricing period which commences today. Swan and Saab Automobile AB
Press Release: Swedish Automobile Issues Subscription Notice Under GEM Facility Read Post »
Auto Express magazine (UK) has just handed out it’s 2011 New Car Awards, and the award for Best Design goes to …… [drumroll] …… the Saab PhoeniX Concept. The award for Best Design was decided by public poll. The PhoeniX was up against 39 competitors but took a massive 30% of the vote (yes, Saab does indeed have an engaged
Zeewolde, The Netherlands, 3 August 2011 – Swedish Automobile N.V. (Swan) announces today that it issued a subscription notice for 5 million shares under the current EUR 150 million equity facility between Swan and GEM Global Yield Fund Limited. The exact number of shares to be issued and the price thereof will depend on a 10 day pricing period, which
Press Release: SWEDISH AUTOMOBILE ISSUES SUBSCRIPTION NOTICE UNDER GEM FACILITY Read Post »
Zeewolde, The Netherlands, 26 July 2011 – Swedish Automobile N.V. (Swan) announces that Saab Automobile AB (Saab Automobile) has delayed payment of the wages to its white-collar employees as some of the funds that were committed by investors were not paid in time to effect such salary payments. Saab Automobile is taking all necessary actions to collect these funds and
UPDATE: An additional release from Swedish Automobile NV: Zeewolde, The Netherlands, 22 July 2011 – Swedish Automobile N.V. confirms that Saab Automobile Tools AB reached agreement on payment terms with the supplier that filed for bankruptcy, thereby resolving the issue. The original release is below….. —— Zeewolde, The Netherlands, 22 July 2011 – Swedish Automobile N.V. confirms that one of
From Swedish Automobile NV —— Zeewolde, The Netherlands, 21 July 2011 – Swedish Automobile N.V. (Swan) announces that Saab Automobile AB (Saab Automobile) continues discussions with its supplier base on material supply and delivery terms in order to be able to resume production at its Trollhättan plant. Swan and Saab Automobile continue their discussions with parties to obtain further short-term
Press Release: SAAB AUTOMOBILE UPDATE ON PRODUCTION Read Post »
A press release we’re very happy to see, from our US offices…… —— ROYAL OAK, Mich., July 13, 2011 — Saab’s all-new 9-4X crossover has landed in US dealer showrooms. The greatly anticipated vehicle is Saab’s newest addition to the Saab product family. “Our first vehicles are just hitting retailers and our first customer sale took place last weekend at
Press Release: Saab 9-4X Crossover Arrives in the US Read Post »
