IMPORTANT NEWS: National Electric Vehicle Sweden has agreed to buy the assets of Saab Automobile and the sale is expected to be finalized during the summer.

Sunday, March 20, 2011

Bankruptcy saved Saab

Night has come to Norway, but before the Sandman sprinkles magical sand onto my eyes, I have to give you the Saab tip of the day. Over at Forbes there is a blog entry about how Saab got a new chance because of bankruptcy. Here's my favorite paragraph from the Forbes blog entry:

To put it simply, bankruptcy, like recession, is a positive for it ensuring that poorly managed assets are released to new owners with a stated intent to manage them more effectively.

So head over to Forbes and read a very interesting blog entry about how recession and bankruptcy can be a blessing for business.