Group of U.S. dealers wants Saab placed into Chapter 11 bankruptcy protection
A group composed of 41 Saab U.S. dealers wants Saab Cars North America to be placed into Chapter 11 bankruptcy protection. The involuntary Chapter 11 petition is now pending in the U.S.... Read more
Dealers urge Saab to meet demands or face liquidation
Saab's U.S. dealers threatened to file for a Chapter 7 involuntary bankruptcy petition against Saab Cars North America if the carmaker fails to make them preferential creditors. The... Read more
Saab dealers in North America are waiting for their payments
While Saab Automobile AB is waiting for bridge loan funding, the manufacturer payments (such as those for warranty repair) for its dealers in North America are on hold. Last Thursday,... Read more
Report: Saab and its 218 U.S. franchises will close down
A third General Motors Co. brand gets the ax this year. Despite optimism that Saab will be sold off to Spyker Cars NV, issues "couldn't be resolved quickly enough" and so GM had decided... Read more
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