Saab is doing everything it can to avoid bankruptcy

Posted on Friday, 28 October 2011 , 03:10:42 byEmil

Filed under saabbankruptcyspykerswaneuropeanSaabEuropean

Saab is doing everything it can to avoid bankruptcy

Saab has been having problems lately and now we have more information on that.
Actually, it seems that the problems are getting closer to the finish line. The parent company Swedish Automobile NV Swan said that it is now involved in the last, but intense negotiations with investors, trying to solve their economical issues and save the company from bankruptcy.
The final results of the negotiations are very important for the future of Saab. The court-appointed administrator that knows the case very well, Guy Lofalk is a little pessimist and truly believes it will not succeed and this is why he proposed it for termination.
He also said that the money is not enough for the first installment of the Pang Da Ioan and also that from the North Street Capital equity fund will pay the development the Spyker.
The court will give the final decision tomorrow, so don't go very far.


Saab is doing everything it can to avoid bankruptcy image Saab is doing everything it can to avoid bankruptcy image