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, November 18, 2011

Meeting with creditors postponed

Earlier today we reported that Saab wanted to postpone the meeting with its creditors planned for Tuesday next week. Now TTELA reports that the meeting has been postponed.

"First we want to sort out the issues with GM," Eric Geers, Executive Director Communications at Saab told TTELA.

There has not been set any new date for the meeting. But there are currently intense negotiations ongoing to find a solution for Saab and the Chinese suitors that GM can accept.

"Yes, the negotiations are intense. Everyone is 100 percent focused, we also have a dialogue with GM. We need to find a structure that suits everybody, including GM. That is the issue," Geers said.