Tuesday, November 29, 2011

Far more Troubles for Swedish Carmaker as Saab Wonderful Britain Files for Administration

The impasse on the sale of Saab Automobile to Pang Da and Youngman has not been resolved, due to Saab shareholder and supplier Common Motors objecting to its platform and engineering technologies becoming transferred to the Chinese.
Swedish Automobile N.V. (Swan), though, announced these days that Saab Fantastic Britain (Saab GB) filed for administration with the High Court in London.
Saab GB says it hopes that this action will give both the organization and its creditors the required legal

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