To say that Saab has had a rough 2011 would be one heck of an understatement. Sales are trickling slowly, the automaker's Trollhattan plant hasn't consistently produced vehicles since late April because suppliers weren't getting paid, and a failed alliance is making the Swedish automaker look like it has cooties.

Now it appears as though Saab is taking legal steps to keep the company going, as Reuters is citing a public radio report that claims the automaker will soon apply for court protection from creditors. If the courts grant temporary creditor protection, Saab will begin a process of corporate restructuring at the hands of an administrator and company management.

Though Saab has yet to officially confirm its intention to enter creditor protection, the move would seem to make sense given the automaker's string of disappointments and dire finances. The automaker announced earlier this week that it would delay its second-quarter report until August 31, perhaps to buy time until Saab officially engages the courts. That news followed Saab's announcement that August salary payments to employees may be late.

So what would creditor protection do for Saab? The move would likely buy the automaker additional time to drum up more alliances and raise more cash. If Saab still can't secure additional money or find new partners (there has been some success on this front), it appears all but inevitable that the company will dissolve.


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  • 49 Comments
      tenspeeder
      • 3 Years Ago
      ABBA should do a reunion benefit concert for Saab.
      simianspeedster
      • 3 Years Ago
      This steady trickle of bad, bad, bad news about Saab's health is hurting their sales and credibility. All you need to do is look at Saab's U.S. sales figures this year to see the trend. Saab's U.S. sales to date (through end of July) = 3,822 January = 935 February = 546 March = 830 April = 696 May = 385 June = 323 July = 384 Saab still has about 200 dealers in the U.S. -- by these numbers, that means Saab dealers aren't even selling 3 cars per month on average in 2011. That cannot sustain a dealership for long. I drive by the local Saab dealer several times each week as it's near my work. There is basically ZERO activity there. No customers, no test drives, no pulse. I haven't seen a new Saab on the road in several weeks. I predict that August's sales figures are going to be very poor. Even if Saab's Hail Mary financing pass is completed (and it's not looking good because the quarterback doesn't even have a football to throw), the Saab brand is already dead in America.
        Hossi Blumengaarten
        • 3 Years Ago
        @simianspeedster
        that is very sad, these guys make cars that actually look good only the inside kinda sucks because of GM cheap crap and then BAM they are about to die like when the Pontiac G8 came out and GM killed Pontiac I HATE GM
          hgeorgech
          • 3 Years Ago
          @Hossi Blumengaarten
          great .. keep that '86 Yugo of yours .. someday it will be a collector's item!
      baldbiker2
      • 3 Years Ago
      "Court Protection from Creditors"....translation?, Chapter 11 Bankruptcy.
      draw984
      • 3 Years Ago
      I recall Saab was a unique if not eccentric car when it was brought to this country in the late 50's and early 60's. It had a 3 cylindar 60 HP engine about the size of a 750cc motorcycle. It appealed to the intellectual elite for some reason then.
      brgtlm
      • 3 Years Ago
      This is turning out to be such a SAAB er sob story... It is dying such a slow and painful death.
      ls
      • 3 Years Ago
      buh-bye
      2 Wheeled Menace
      • 3 Years Ago
      This company still exists?
      Mike K
      • 3 Years Ago
      AutoBlog is seriously the only site that continues to try and make Saab relevant. Enough already, it's over.
      • 3 Years Ago
      [blocked]
      The AOL Experien
      • 3 Years Ago
      That's what ruined Saab...GM takeover!! They cheapened it like everything else they built! They originally had heated seats, handling packages, & all the comforts of home...even their BASE models had heated seats, pow everything, & sunroofs! They still had metal in them too! The styling was for people who didn't want to be sheep, but wanted something that everyone would know it's name! People either hated them or loved them...no inbetween! But if you could get someone to drive one...they'd change their mind!
        dcamaro98ls7
        • 3 Years Ago
        @The AOL Experien
        Saab was going down before GM bought them out. GM didnt change anything about saab other than ownership. Saabs business practices stayed the same before, during, and after GM. Get your facts straight
      Ed
      • 3 Years Ago
      Such a sad story here. They'll be missed in the marketplace.
        • 3 Years Ago
        @Ed
        [blocked]
        baldbiker2
        • 3 Years Ago
        @Ed
        Are they in the market place?
        EnzoHonda
        • 3 Years Ago
        @Ed
        It's a nice line, but I don't think it's true. No one's buying them, hence, they won't be missed.
      Hossi Blumengaarten
      • 3 Years Ago
      Saab should keep fighting!!!! you need to be kidding me they come out with good cars and designs as they are about to die it is like Pontiac and the G8!!!!!! F U GM I HATE YOU
        • 3 Years Ago
        @Hossi Blumengaarten
        [blocked]
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