saab cars

After a protracted battle for financial stability, Saab has filed for government protection. The official filing submitted this morning in Sweden isn't a liquidation, however, it's a bid for reorganization with the assistance of a government-appointed independent overseer. Saab boss Victor ...

The Saab saga continues. According to Reuters, the Swedish automaker has announced that the company is issuing more shares in an attempt to drum up funds to pay its white-collar workers. GEM Global Yield Fund, an investment company, has committed to purchasing around five million of the new ...

Swedish site The Local claims that Saab produced $531 million in black ink in 2009. Not possible, right? General Motors was, after all, all too ready to walk away and let the Born from Jets automaker die a pauper's death. Well, it seems as though all automaker profits come chock-full of ...