Saab Details for Bankruptcy

Saab Information for Bankruptcy

Saab Automobile Tools AB and Saab Powertrain AB presented for bankruptcy, putting an end to a number of months of discomfort. Remedial Vehicle N.V. (Swan), which is the business presently getting Saab, presented the bankruptcy documents to the Region Court in Vanersborg, Sweden. Till right now, Saab was going through an substantial reorganization program, which was financed by Youngman.

Due to the fact the financing for this reorganization could not be “concluded”, Saab’s supervision board determined to file for bankruptcy. This will be in the finest interest of the organization’s lenders.

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