Friday, June 22, 2012

Court-Appointed Administrator Wants Saab Restructuring Process Terminated

Less than 24 hours after General Motors stated once again, that it will veto any plan that includes a Chinese company acquiring a stake in Saab, the Swedish carmaker received more bad news.
Guy Lofalk, the court-appointed administrator who oversees Saab’s restructuring, announced that he will apply for a termination of the voluntary reorganization of Saab Automobile and its two subsidiaries with the Vanersborg District Court in Sweden.

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