DETROIT – In the ongoing story regarding Saab’s future, a Detroit News story reported that General Motors will block the sale of the Swedish automaker.
TROLLHATTAN, SWEDEN – Saab said earlier this week that it hopes to work out a deal with Pang Da and Youngman after General Motors stated concerns about the sale, according to an article in Bloomberg Business and from a press statement from Saab.
ZEEWOLDE, THE NETHERLANDS – Saab’s parent company announced that the Swedish court in Vanersborg approved the continuation of the voluntary reorganization process.
TROLLHATTAN, SWEDEN - Saab stated that although it terminated the agreement it entered into with Pang Da and Youngman, it said discussions are continuing.
TROLLHATTAN, SWEDEN – This week Saab announced it lodged its appeal against the District Court’s decision to reject Saab’s request for voluntary reorganization and protection from creditors.
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