Today at Saab Automobile – reorganisation announcement

Saab Automobile lodged an application for reorganisation today. A decision on this application is still pending as I write this. If granted, the reorganisation process will allow us court protection from creditors’ actions whilst we continue making the financial arrangements we need to carry us into our long-term deals with partners from China. As you might imagine, it was a pretty busy day here today. I am preparing some text on the reorganisation process, some plain-speak on what it will mean for Saab and our stakeholders, but that will have to wait until the court’s decision is announced. For now, […]

Continue Reading

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 Automobile to restart and sustain production. In order to secure the continuity of Saab Automobile, Swan and Saab Automobile are evaluating all available options. Swan will update the market in case of new developments.

Continue Reading

Welcome to Inside Saab

It is my great pleasure to welcome you to Inside Saab – a new initiative from Saab Automobile to bring the company closer to its enthusiast community. My name is Steven Wade. Those who know me – and many who don’t – call me Swade. I’ll be your host on a journey into the heart of this wonderful carmaker. Some of you may be familiar with my previous work at a site called Saabs United, where a community gathered to support Saab as they were sold by General Motors to become an independent company back in 2009/10. Saabs United continues […]

Continue Reading