saab debt

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 ...

Saab has announced "that there is a risk of delayed payment of August wages to Saab Automobile employees as some of the funds that were committed by investors may not be paid in time to effect such salary payments." This news should come as no surprise to anyone paying attention to the Swedish ...

Sweden's debt agency must've figured out the PIN to a handful of Saab bank accounts. In one of them, the agency found 5.1 million kronor, which translates to nearly $800,000 USD. That amount is enough to cover debts owed to the first four companies waiting for funds in the pay-me-now queue. The ...

If things don't rapidly start falling in Saab's favor, it's seeming more and more likely that the Swedish automaker may be at the tail end of its ninth life. The Swedish Enforcement Agency has reportedly contacted various banks holding assets for the troubled company, informing them that they may ...

It would be an understatement of biblical proportions to say that Saab is having a bad year. Near daily accounts of the automaker's financial issues roll in like a rash of plagues, while very few vehicle are rolling out of the assembly plant. Now comes word that a consortium of businesses are ...