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(February 23rd, 2009 under Economic News )
Buy Cystone no prescription, GM is trying to separate from Saab and has indicated that it will support its Swedish automaker for another year, according to the requests for funding which GM has made to the Treasury Department. Similar to the action taken by its parent, Saab has asked the Swedish government to assist it with funding. However, unlike the US government, the Swedes appear to be less interested in keeping their car companies alive than is the US government. “Saab went to a Swedish court for protection from its creditors, and said it would — with assistance from the Swedish government — reorganize to pave the way for private investors to buy all or part of the company.
After exploring Saab’s options, “it was determined a formal reorganization would be the best way to create a truly independent entity that is ready for investment,” Saab’s managing director, Jan-Ake Jonsson, said in a statement.”
Here is a link: http://www.nytimes.com/2009/02/21/business/worldbusiness/21auto.html
Michael
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This entry was posted on Monday, February 23rd, 2009 at 9:35 am and is filed under Economic News .