Sab News and Bankruptcy Views
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STOCKHOLM, Sweden — With six decades of building cars renowned for their drop designs and quirky features, cash-strapped Saab Automobile gave up its desperate struggle for a lifeline Monday and filed for bankruptcy. Saab CEO Victor Muller said “the last nail in the coffin” was previous owner General Motors’ rejection of a Chinese companionship’s attempts [...]
Continue Reading Court approves Saab’s bankruptcy petition
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National Debt Relief Program Saab Bankruptcy General Motors confirmed Saab’s days as a part of the Detroit-based companionship are numbered. The Swedish marked filed paperwork with courts in its home country for reorganization that would lead to its independence. This self-managed reorganization is analogous to the U.S. Stage 11 bankruptcy process, and would lead to the [...]
Continue Reading Saab Bankruptcy
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Transcript: BY NOE GANDILLOT ANCHOR MEGAN MURPHY You’re ceremony multisource concern picture Word anatomy from Newsy. Saab’s day appear numbered. On Thursday, a judicature denied the Swedish carmaker’s postulation to record for failure. The institution has been struggling for month to avoid the destiny, according to the BBC… “Saab is run on container. The finale [...]
Continue Reading End of the Road for Saab?
