The Car and Truck Fleet and Leasing Management Magazine

Saab’s Voluntary Reorganization Could be Terminated

December 8, 2011

ZEEWOLDE, THE NETHERLANDS – Swedish Automobile N.V. (Swan) reported it has been informed that the administrator of the reorganization, Guy Lofalk, will apply for termination of the voluntary reorganization of Saab Automobile AB (Saab Automobile) and its two subsidiaries with the District Court in Vänersborg, Sweden. Terminating the reorganization process would end Saab’s current protection from its creditors and lead to the Court declaring the automaker bankrupt.

Saab Automobile said it and its creditors have five to six days to submit their views to the District Court in Sweden before the Court makes a final decision about terminating the reorganization process. Saab said its discussions with Youngman regarding funding continue.

Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

Sponsored by

A practice where an employer pays an employee a set rate (per mile traveled) when the employee uses his or her personal vehicle for job-related travel.

Read more

Up Next

More From The World's Largest Fleet Publisher