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saab bankruptcy

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    Report: Saab US bankruptcy plan gets legal green-light
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    It feels utterly bizarre that we're still talking about Saab, but Reuters is reporting that the bankrupt Swedish manufacturer's American arm has gotten approval from the US Bankruptcy Court to liquidate its assets and pay back creditors. As part of the plan, secured creditors like Ally Financial ...

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    Report: What brands have Saab owners defected to? Polk investigates
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    When a brand goes belly-up, it's natural for analysts to wonder where that brand's consumers will turn. General Motors has mothballed more car brands the last decade than most other automakers' have in their entire portfolios, so "Where did [insert brand here] buyers go?" has been a common ...

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    Report: GM granted 30-day extension on Spyker's Saab-related lawsuit
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    General Motors has asked for more time to reply to the lawsuit brought by Spyker over the Saab affair, and Spyker has agreed to extend the deadline one month until September 28. A quick refresh: Spyker has accused GM of tortious interference in Saab's dealings with the Chinese investors that ...

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    Breaking: Spyker files $3 billion lawsuit against General Motors over Saab's demise
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    "Smack." That's the sound of Spyker's process server dropping a big ol' pile of legal documents on the doorstep of The Renaissance Center, home of General Motors – or wherever GM's attorneys live during business hours. Contained therein is a Complaint, filed in the U.S. District Court for ...

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    Report: NEV deal to buy Saab delayed
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    Remember a month and a half ago when we told you that Saab will "soldier on?" Well, we should have written "stand at attention." According to SaabsUnited, the deal for National Electric Vehicle Sweden to buy the remaining Saab assets didn't close on schedule. In fact, it's been delayed by "a ...

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    Last 900 Saabs heading to auction
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    If you've been wanting to get your hands on one last new Saab but missed out on the great Saab sell-off when Saab Cars North America declared bankruptcy, well, your ship has now come in. Actually, it came in last year – but hundreds of new Saabs got waylaid at ports in California and New ...

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    Breaking: Saab sold! Again. Probably.
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    You'll note that we have yet to remove Saab from the dropdown menu at the top of the Autoblog home page. Indeed, for a bankrupt company that hasn't built a new car from scratch yet this year, Saab generates a surprising amount of news, however, little of it has been the good kind. Perhaps that ...

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    Official: Saab Automobile Parts AB throws lifeline to North American owners
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    To say that the future of Saab as an automaker remains murky is being charitable at best, but that doesn't mean there isn't a loyal body of customers with real needs. In the wake of the Swedish marque's bankruptcy, U.S. and Canadian Saab drivers were left without a clear supplier of parts and ...

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    Report: China's Youngman bails on Saab, Mahindra still in the mix
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    Zhejiang Youngman Lotus Automobile has been jettisoned from the dwindling pool of bidders for Saab after tendering an offer of $492 million for the whole kaboodle. Exact reasons weren't given for Youngman leaving the table, but according to a report in Autoweek.nl, "Chinese bureaucracy" was ...

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    Report: Saab gets new $492M bid from Youngman
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    Youngman has made another bid for bankrupt Saab, according to new reports. The Chinese automaker has offered to buy what's left of Saab for $470 million at current conversion rates. The news comes courtesy of Dagens Industri. The newspaper also indicates that's the absolute lowest the Swedish ...

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    Report: Saab's assets less than one-third of its debts
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    The Detroit News reports the sum total of the remaining Saab assets is worth less than a third of the defunct automaker's debts. All told, the company owes a hefty $1.9 billion at current conversion rates, though its total property value rings in at a comparatively paltry $532 million. The debt ...

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    Report: Want to bid for Saab? Get your paperwork in by April 10
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    Interested in purchasing a Saab? Heck, why not just buy the whole company? If you're in the market, you've got until April 10 to put in a bid, and at present, the only rival you have is China's Youngman. Chances are, according to the administrators in charge of Saab's liquidation, the sale of ...

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    Report: Saab Museum reopens in Sweden
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    Part of the sideshow in the Saab revival circus has been the waning and waxing fate of the Saab Museum Trollhättan, Sweden. The U.S. Heritage Collection was sold to two U.S. collectors earlier this year, while the Swedish museum's collection was rescued from breakup by three Swedish ...

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    Report: "Shocked" Brightwell drops Saab bid, blames GM intransigence
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    Nearly three months on the Saab story is the same: company makes a bid, General Motors knocks it back. But this time, the latest round of corporate "He said/She said" puts Turkey's Brightwell Holdings on the other side of the table instead of a Chinese company. Brightwell was the other publicly ...

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    Rumormill: Volvo bidding for (parts of) Saab
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    Volvo is reportedly interesting in getting out its checkbook in search of a production parts bargain over at Saab. No, the 9-5 likely won't be wearing a Volvo badge any time soon, but the tooling that helped build parts for the big sedan could one day be in a Volvo factory. SaabsUnited quotes an ...

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    Report: At least 6-7 parties bidding on Saab... could BMW be one of them?
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    On this episode of As the Saab Turns: Bankruptcy administrators have bidders, and one of them might be a German carmaker! According to a post on Saabs United, "6-7 serious bidders" are trying to snag the remains of Saab. One European company "is German and located in Munich," according to the ...

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    Report: Dealers trying to push Saab NA into bankruptcy
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    Saab North America acknowledged that the chances were exceptionally slim, but it hoped to avoid bankruptcy long enough to give another company a chance to buy it. Shortly after Saab NA appointed a third-party administrator, McTevia & Associates, it was decided there was no way to save the ...

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    Report: Sweden picks up tab on bankrupt Saab's EU loan
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    Way back at the beginning of Saab's struggle for life after General Motors, exotic car firm Spyker was granted a €400-million loan ($527M U.S.) from the European Investment Bank. The loan was approved after it was guaranteed by Sweden's Debt Office, and Saab's recent bankruptcy filing forced ...

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    Report: Saab Cars North American undergoing bankruptcy liquidation
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    It's a Saab story, we know, but this is – in all likelihood – the end of the road for Sweden's "other" automaker. Sure, there are still talks of one foreign entity or another picking up where GM and Swedish Automobile (Swan)/Spyker left off, but even if they do, they'll have a heck of ...

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    Report: Turkish private equity firm jumps into Saab buying fray
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    The next chapter in the Saab opera has a new protagonist called Brightwell Holdings, a Turkish private equity firm. Brightwell is is perhaps the unknown Turkish entity mentioned last year as having an interest in bankrupt Saab, along with India's Mahindra & Mahindra. A board member at ...

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