Articles About Automobile Website
- Author:
- Mike Ricamato
- Posted:
- 07.07.2011
Saab Story: Swedish Automaker Headed Toward Bankruptcy
Venerable Swedish automaker Saab is unable to pay its employees and is likely headed into bankruptcy. Saab and Zeewolde, Netherlands-based owner Swedish Automobile NV, are in talks to raise cash, the company said. Options include selling and leasing-back the factory in Trollhaettan, Sweden. “There can however be no assurance that these discussions will be successful […]