Saab May File Bankrutpcy

“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.”

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