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.

Wednesday, September 21, 2011

Court of Appeal approve Saab's application for voluntary reconstruction

Today the Court of Appeal for Western Sweden announced that it has approved Saab's application for voluntary reconstruction.

This means that Saab will be protected against it's creditors and the wages to the employees will be paid by the state. In other words bankruptcy is avoided for now.

A good day for Saab, its employees and all its fans!