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.

Friday, July 22, 2011

Bankruptcy threat resolved

As Mailr writes in comments in the entry below, the bankruptcy threat against Saab Automobile Tools AB has been resolved.

According to TTELA, Saab's Executive Director of Communication Eric Geers says that Saab and SwePart has agreed on a payment plan and SwePart will thus withdrawn the bankruptcy filing.

"We have agreed on a payment plan," Eric Geers says to TTELA. 

Formally, however, the bankruptcy filing still remains with the District Court.
"If they do not want to continue with the bankruptcy, they must withdraw the filing," says Mona-Lisa Jahansson who is handling the case at the Vänersborg  District Court.

Here's a press release from Saab:

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.