360haven works best with JavaScript enabled
Saab calls it quits
Loading
Register
Results 1 to 4 of 4
  1. #1
    Follow the Buzzards
    SterlingArcher

    BrayWyatt is offline
    Join Date : Dec 2010
    Location : Stowe, Pennsylvania, United States
    Age : 40
    Posts : 3,352
    Array
    Twitter: @

    Saab calls it quits

    www.money.cnn.com


    Swedish automaker Saab has filed for bankruptcy and will likely go out of business.



    NEW YORK (CNNMoney) -- Swedish automaker Saab has filed for bankruptcy after months of struggle to stay alive. Saab's owners have turned the company's assets over to a Swedish court-appointed receiver.

    General Motors (GM, Fortune 500), Saab's former owner, had objected to a recently proposed deal under which the company would have been sold to Chinese investors including carmaker Zhejiang Youngman Lotus Automobile.

    The deal required GM's cooperation because it still supplies parts, designs and engineering for Saab products. China is one of GM's largest markets and the U.S. automaker was reportedly concerned that its technology could end up in competing vehicles.

    GM still maintains an ownership stake in Saab.
    Saab's greatest hits (and misses)

    The Board of Saab Automobile subsequently decided that without further funding the company will be insolvent, and that filing bankruptcy was in the best interests of its creditors.

    There is a chance that Saab could be purchased, in whole or in parts, out of receivership, Saab spokesman Eric Geers said. Potential buyers would have to negotiate with the defense and aerospace company Saab Group, a separate company which still owns the rights to the Saab name and trademark, and with GM.

    "Once an administrator or a receiver is appointed, it is up to them to see what they can do," he said.

    GM had no immediate comment on Saab's decision.

    GM sold Saab to Swedish Automotive in early 2010 as part of GM's bankruptcy reorganization. Swedish Automotive is a Dutch company that was then known as Spyker, a high-end brand of hand-made sports cars. But Saab continued to struggle under the new ownership.

    read the rest here.
    http://money.cnn.com/2011/12/19/auto...P_LN&hpt=hp_c2
    Downloads : 140 || Uploads : 4 || Rep Power : 6263 || Posts : 3,352 || Thanks : 1,204 || Thanked 1,429 Times in 637 Posts



  2. #2
    The Immortal God
    Rpg_Fan

    CloudStrife7x is offline
    Join Date : Dec 2010
    Location : Unknown
    Age : 29
    Posts : 18,760
    Array
    Twitter: @

    Re: Saab calls it quits

    well that sucks for them, ive never seen there cars but the one in the pic looks kinda nice
    Downloads : 157 || Uploads : 0 || Rep Power : 22150 || Posts : 18,760 || Thanks : 4,451 || Thanked 3,095 Times in 2,607 Posts



  3. #3
    Follow the Buzzards
    SterlingArcher

    BrayWyatt is offline
    Join Date : Dec 2010
    Location : Stowe, Pennsylvania, United States
    Age : 40
    Posts : 3,352
    Array
    Twitter: @

    Re: Saab calls it quits

    they made some nice cars. not that i would own.
    Downloads : 140 || Uploads : 4 || Rep Power : 6263 || Posts : 3,352 || Thanks : 1,204 || Thanked 1,429 Times in 637 Posts



  4. #4
    Eternal Dragoon
    Rpg_Fan

    Serious_M is offline
    Join Date : Dec 2010
    Location : Netherlands , Amsterdam
    Age : 33
    Posts : 13,032
    Array

    Re: Saab calls it quits

    I saw the news about this and it is sad
    Downloads : 57 || Uploads : 1 || Rep Power : 16109 || Posts : 13,032 || Thanks : 3,661 || Thanked 1,791 Times in 1,446 Posts


    Serious_M

 

 

Similar Threads

  1. Replies: 2
    Last Post: 04-22-2014, 02:09 AM
  2. Replies: 2
    Last Post: 03-18-2014, 08:34 PM
  3. PIKACHU CALLS NINTENDO
    By Original Boss in forum Youtube Famous
    Replies: 9
    Last Post: 10-05-2013, 05:57 PM
  4. NIKO BELLIC CALLS ROCKSTAR
    By Original Boss in forum Youtube Famous
    Replies: 9
    Last Post: 10-05-2013, 03:46 PM
  5. Broly calls Patrick
    By Andrese in forum Youtube Famous
    Replies: 4
    Last Post: 07-13-2013, 06:03 PM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
This website uses cookies
We use cookies to store session information to facilitate remembering your login information, to allow you to save website preferences, to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners.
     

About 360haven

    360haven is an Forum Devoted To Game modding Fans from all over the world.

    An Awesome Community of Xbox 360 Gamers, Modders and Developers who Create & Share Tutorials, Applications, Gfx, Trainers and Gamesaves.

    A haven for the l33t.
    A scarce paradise for modders.

Like this page

Google+