The Cheetah is the world’s fastest land-based animal and right now, Saab is looking to employ some speed when dealing with reorganising its business. We are aiming to make substantial efficiency gains and cost savings as we become more competitive for the future. Work began on Project Cheetah on the strategic level even before the reorganisation decision came through. Today, […]
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 »
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.
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 from SWAN: COURT OF APPEAL GRANTS RIGHT OF APPEAL TO SAAB AUTOMOBILE IN VOLUNTARY REORGANIZATION CASE Zeewolde, The Netherlands, 19 September 2011 – 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 a right to appeal from the Court of Appeal in
Some news from inside Saab that I thought you’d be interested in seeing. The process so far and the processes to come. Important bit of good news first….. ——- Important milestone achieved in China process Today, the PDRC, the provincial equivalent of the National Development and Reform Commission (NDRC) approved the deal between Saab, Pang Da and Youngman. The decision
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
Press Release: Saab Automobile Lodges Appeal Against District Court Ruling Read Post »
Want an idea of what it’s like working at Saab Automobile right now? Last week we had a failed application for reorganisation of the company. Downer. Late in the week, we galvanised and employees heard that the executive team would spend the weekend preparing an appeal. Steady. This morning we announced a licensing and bridge finance deal. Upper. And then
The start of another rollercoaster week at Saab Automobile Read Post »
Trollhättan, Sweden: Swedish Automobile N.V. (Swan) and Saab Automobile AB (Saab Automobile) confirm that Swedish unions Unionen and Ledarna filed for bankruptcy of Saab Automobile. The court has received the filing, but has not yet rendered a judgment which could take a few weeks. —
Press Release: Saab Automobile Confirms Bankruptcy Filing By Swedish Unions Read Post »
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,
Press Release: SAAB AUTOMOBILE SIGNS EUR 70 MILLION TECHNOLOGY LICENSE AGREEMENT Read Post »
Below you’ll find a five-part series of articles called ‘In Saab’s Corner’. Right now there is a lot of talk going on about the financial side of this company. We’ve been beaten from pillar to post in certain markets and whilst some of that is warranted – we don’t shy away from our current problems – much of it not
