After months of failed funding negations and ceased production, Saab, along with its Saab Powertrain and Saab Tools subsidiaries, announced this week that it had filed for voluntary bankruptcy protection with the District Court in Vanersborg, Sweden. However, the court has rejected Saab’s application for protection from its creditors (mainly suppliers and labor unions), leaving the door open for bankruptcy. In response Saab aims to submit an appeal on the District Court’s decision on Monday, September 12.Read more
Sep 9, 2011
of saab denied bankruptcy protection by swedish court, attempting appeal
Saab Denied Bankruptcy Protection By Swedish Court, Attempting Appeal
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