Swedish Court Has Enough With Saab And DENIES Bankruptcy Protection

Agent009 submitted on 9/8/2011 Official Bell & Ross Timestamp: 10:01:27 AM

5 user comments | Views : 4,459 | Category: Misc News | Source: | SOURCE: detnews.com

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A district court in southern Sweden has rejected Saab Automobile's application for creditor protection, paving the way for possible bankruptcy filings from labor unions.



In its ruling Thursday, the Vanersborg District Court said it is unclear how the cash-strapped company intends to secure further funding and continue its operations.


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Swedish Court Has Enough With Saab And DENIES Bankruptcy Protection

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Agent009

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Neverfollow

How many times do we have to play "taps" for these guys? My lips are getting sore!!!

— Neverfollow (View Profile)

Posted on 9/8/2011 1:23:06 PM | reply to this comment | Votes: 1   

mini22

The only way Saab can survive is if the Chinese government agrees to the signed deals. The Chinese government has yet to act on these deals.It seems doubtful that Saab would be able to hang on. Mueller is obviously not a good manager.He may be a good deal maker but that's not the way to run a company.Also it is incredible the way the Swedish government and Euro governments work in controling who can invest in Saab. I think if they lose the appeal they should just liquidate and put themselves out of their misery.Very sad.

— mini22 (View Profile)

Posted on 9/9/2011 7:13:56 PM | reply to this comment | Votes: 1   

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