A while back we reported on the status of the Saab car collection from the Trollhattan museum. The company in charge of overseeing Saab’s bankruptcy announced that it would be auctioning off cars at the Trollhattan museum. While it horrified Saab enthusiasts, to the liquidators it was a source of cash. They don’t care for [...]
Amazed. Flabbergasted. What other way is there to describe the ongoing situation at Saab? The company has fought tooth-and-nail for its survival over the past few years. Last year the final straw arrived when production came to a halt in Trollhattan. The Saab team tried over and over to secure new funding, but the company [...]
Saab is currently winding through its bankruptcy process. Steel and industrial commodities are being sold off, and the final 100 cars are being built on the production line. This is par for the course for a bankrupt company; administrators in charge are trying to raise the maximum amount of capital. In the midst of all [...]
Saab is dead. No, wait Saab is saved! Oops, sorry the deal dell through – but another one is in the works! That constant back-and-forth has been a real automotive soap opera over the past few years. While we all watched the situation from afar off, we’re sure the experience wasn’t an enjoyable one for [...]
A few days ago we reported news about Saab’s warranty coverage being stopped. When you a buy a product from a company that is having major financial issues like Saab has been having, you run the risk of losing warranty coverage. Saab buyers who purchased under Spyker ownership are finding that to be the case [...]
Hats off to Saab Chief Executive Victor Mueller and Company – they tried their best. After months and months on end of back-and-forth drama, the Saab story is over. The company filed for bankruptcy protection yesterday, after a deal between Saab and Chinese automaker Youngman Automotive was scuttled by General Motors due to concerns over [...]
Last we heard from Saab, it had received $60 million in funding from North Street Capital. North Street is a private investment firm based in the United States, and has already made plans to purchase Spyker. Saab secured a loan with North Street because it hadn’t received full payment of the bridge money that was [...]
The endless Saab story continues. Just when we think the end is near, something happens and Saab is rescued. Then we think their future just might be secured and everything falls through. It truly is a drama if we’ve ever seen one. The latest twist in this story comes today with an announcement of new [...]