STOCKHOLM, Oct 20 (Reuters) - The administrator in charge of Saab's reorganisation said on Thursday there was not enough cash to save the carmaker and that he had sent an application to a Swedish court to end the process. "The money is not enough to continue the reorganisation," Guy Lofalk told Reuters. "Now, an application (to terminate the reorganisation) has been mailed. It should be on the court's desk tomorrow." Lofalk added that the $70 million promised by North Street Capital on ...
Premium Content (PAID Subscription Required)
"Saab administrator says throws in towel on Saab reorganisation" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: firstname.lastname@example.org or phone: (248) 799-2642