Saab May File Bankrutpcy
(December 12th, 2011 under Automobile Industry )
"Citing “several independent sources”, Swedish business daily Dagens Industri (DI) reported early on Monday that Saab's parent company Swedish Automobile (Swan) is expected to submit a bankruptcy petition on Monday afternoon to the Vännersborg District Court.
However, a “well-placed” source at Saab told the TT news agency that a decision about putting Saab in bankruptcy has yet to be taken.
Anette Hellgren, chair of the Saab chapter of the Unionen labour union, told TT she hadn't heard anything about the reported bankruptcy either.
“We haven't heard anything about this,” she said.
*Whether negotiations between Saab and Chinese firm Youngman have reached a conclusion also remains unclear."
Here is a link to the whole article: http://www.thelocal.se/37888/20111212/
Michael
This entry was posted on Monday, December 12th, 2011 at 12:03 pm and is filed under Automobile Industry .
