Tag Archives: swan

Saab Files for Bankruptcy. It’s All Over Except for Mourning

Posted on 19 December 2011 by Ken Zino

The end of Saab was practically assured last Saturday when General Motors reiterated a long-standing position against Saab transferring GM intellectual property to the Chinese and having Chinese companies build a rebadged Cadillac SRX as a Saab in China. GM is the largest automaker in China, albeit with communist government dictated partners. Continue reading →

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Saab Files for Bankruptcy in Sweden. State to Pay Workers

Posted on 7 September 2011 by Ken Zino

In the months ahead, the Swedish government will pay Saab’s 3,700 workers while a reorganization plan is debated. Saab suspended worker payments in July, as the company only sold fewer than 13,000 automobiles and posted a loss of -€201.5 million during the first half. The grim reality is that Saab Automobile after decades of losses, changes of ownership and financial engineering has limited financial resources and options remaining. Continue reading →

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