News

Press Release: Saab Automobile To Improve Efficiency As Part Of Business Plan Review

Trollhättan, Sweden: Swedish Automobile N.V. (Swan) announces that Saab Automobile AB (Saab Automobile) has launched an efficiency improvement initiative as part of a broader review of the company’s business plan for 2012 and beyond, aiming at creating a more flexible and more competitive cost structure for the company. This initiative also reflects the effects of the prolonged production stoppage since

Press Release: Saab Automobile To Improve Efficiency As Part Of Business Plan Review Read Post »

News

Press Release: Saab Automobile Voluntary Reorganization Filing Approved

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) received approval for their proposal for voluntary reorganization from the Court of Appeal in Gothenburg, Sweden today. The purpose of the voluntary reorganization process is to secure short-term stability while simultaneously attracting additional funding,

Press Release: Saab Automobile Voluntary Reorganization Filing Approved Read Post »

News

Reorg: Yes.

We’ve just heard that the Swedish court has approved our appeal, and thereby granted us reorganisation status. This decision will provide stability that’s much needed as we get things together in advance of our dealing with Chinese partners in the future. Never, ever give up. Press Release to follow.

Reorg: Yes. Read Post »

News

Press Release: Saab Automobile And Saab Automobile Powertrain Dispute Union Bankruptcy Filings

Trollhättan, Sweden: Swedish Automobile N.V. (Swan) announces that Saab Automobile AB and Saab Automobile Powertrain AB (collectively Saab Automobile) have officially disputed the bankruptcy filings by two Swedish unions with the District Court in Vänersborg, Sweden. Both companies argue they are not insolvent and have only temporary liquidity problems which they expect to solve following the planned equity contributions by

Press Release: Saab Automobile And Saab Automobile Powertrain Dispute Union Bankruptcy Filings Read Post »

Scroll to Top