It all comes down to this: Mr. Guy Lofalk, the administrator in charge of Saab's reorganization for the Swedish government, has signaled his intent to apply for termination of the voluntary reorganization of the automaker.
That means Saab has five or six days, by its own estimation, to submit a successful plan to the Swedish District Court outlining how it will secure the necessary funding to stay in business.

Saab boss Victor Muller is reportedly seeking a loan worth over $800 million from proposed Chinese partner Youngman and an unnamed bank now that General Motors has squashed the previously planned alliance between Saab and its would-be Chinese saviors.
Show full PR text
Swedish Automobile Informed By Administrator Of Application To Terminate Voluntary Reorganization

Trollhättan, Sweden: Swedish Automobile N.V. (Swan) announces it has been informed that the administrator of the reorganization, Mr. Guy Lofalk, will apply for termination of the voluntary reorganization of Saab Automobile AB (Saab Automobile) and two subsidiaries with the District Court in Vänersborg, Sweden.

Saab Automobile and its creditors have approximately five to six days to submit their view to the District Court before the Court takes a final decision about termination of the reorganization. The management of Saab Automobile will consider future steps and continues the current discussions with Youngman about the necessary funding to pay the wages and be able to continue the voluntary reorganization.


I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.


    • 1 Second Ago
  • 16 Comments
      Alonzo Alex Clark
      • 3 Years Ago
      i sent this story to my arts professor and he almost flipped shi* he is one of the biggest saab fans i have eveer met in my life ...... you have to feel bad for these guys they have tried almost every single option to stay afloat they just cant catch a break
      Mike Pulsifer
      • 3 Years Ago
      I've got to give them props for not giving up.
      ajs1983
      • 3 Years Ago
      if china really cared about GM technology, couldn't they just go by any current saab or gm product and pull it apart? that would probably violate some IP laws, but is there anything groundbreaking and worth stealing anyway?? i've always loved saabs, and i finally just bought a brand new 6 speed 9-3x in march. My first car was a buick skylark in high school/college, then a 2003 passat 1.8t manual, then a 2007 gti manual, then a 2009 jetta 2.0 DSG. I have already put 13,000 trouble free, enjoyment filled miles on the saab. my partner spent months car shopping and ended up also getting a brand new saab in october, but his is the 9-3 sedan. he cringed at the tought of matching cars, but the different drivetrains, body style and color, plus the fact that it was his hands down favorite car that he test drove, won him over. they're solid cars, and they just seem well thought out. nothing about the car annoys me, which isn't something i could say about the other cars i've had/test drove. it'll be unfortunate if they go out of business, but i'll look forward to my next few years with what is probably one of the most well-rounded cars on the road. i'm just glad i finally got one. i like that i "could have had a bmw or something 'nicer'," but chose the saab as a deliberate objection to those 'better' cars. that being said, having grown up in the GM household, besides possibly my radio head unit, i haven't found much that looks like "GM" in my car...maybe at least not american GM. additionally, my first car, the aforementioned skylark, was an amazingly reliable tank. so i never associate a connection with GM as a bad thing...
      dklkse1
      • 3 Years Ago
      I haven't chimed in on the impending death of Saab up until this point, but now even I have to admit this does not look good. I can't fault Saab for trying everything they could, though. Thing is, even if they somehow miraculously survive at this point, would they even be anything close to what they used to be?
        Mike Pulsifer
        • 3 Years Ago
        @dklkse1
        With the right leadership, sure. Companies have been brought back from the brink.
      • 3 Years Ago
      [blocked]
        CarSnaab
        • 3 Years Ago
        Agreed. I expect that kind of sentiment on an untruthful site about cars.
      • 3 Years Ago
      [blocked]
      • 3 Years Ago
      [blocked]
      Zacarious
      • 3 Years Ago
      Have you ever seen a movie where they put a pillow over the face of someone in a coma? A death to save them the disgrace of a life without truly living. They wiggle and struggle a little at first even though they were just a couple steps from the grave anyways, like one last grand show of defiance. Then they die. Saab has had the proverbial pillow over it's face for a while now...
        • 3 Years Ago
        @Zacarious
        [blocked]
      jonwil2002
      • 3 Years Ago
      What I want to know is why GM is opposed to the chinese bailout of SAAB... How would a vehicle built with GM technology be any more of a threat to GM than a SAAB 93, 94 or 95 is? Or is the threat that the chinese would ignore the clause in the SAAB-GM contract that limits what cars SAAB can put GM technology into and how long they can keep using GM technology?
      artandcolour2010
      • 3 Years Ago
      I can totally understand GM's reluctance to basically just giving a Chinese automaker the blueprints to their cars which have taken decades to develop. That being said, GM would benefit from the continued production of Saabs since so much of them, literally every part of them, is GM owned or derived. I wonder if GM is planning on stepping in and buying the company back at a bargain price when all other avenues have been explored and nixed? It just might make sense for the New GM to do so.
        • 3 Years Ago
        @artandcolour2010
        [blocked]
    • Load More Comments