Press Release: UPDATE ON STATUS SAAB SUBSIDIARY

UPDATE: An additional release from Swedish Automobile NV:

Zeewolde, The Netherlands, 22 July 2011 – Swedish Automobile N.V. confirms that Saab Automobile Tools AB reached agreement on payment terms with the supplier that filed for bankruptcy, thereby resolving the issue.

The original release is below…..

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Zeewolde, The Netherlands, 22 July 2011 – Swedish Automobile N.V. confirms that one of the suppliers of Saab Automobile Tools AB (Saab Tools) filed for bankruptcy of Saab Tools, a subsidiary of Saab Automobile AB. The District Court has received the filing, but has not yet rendered a judgement which is expected in a few weeks. Saab Tools is currently assessing the issue and aims to resolve the issue as soon as possible.

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10 Comments

    1. I’m still trying to get my head around that and our people are spread far and wide at the moment but still working on it all remotely.

      I’ll update with information as soon as it’s available

  1. Well, Steve, you really are quick off the mark… 🙂 The release isn’t yet available on the SWAN site nor in the Saab newsroom.

    Ivo

  2. Swade: how about a good news piece. Can you get some photos of a car park full of 9-4Xs, or them arriving at docks, or on trucks? Anything to show that some Saab product is shipping?

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