Tag Archives: bankruptcy


Former Saab owner Spyker Declares Bankruptcy

Spyker's bankruptcy comes after years of financial struggles, which was exacerbated after it bought flagging Saab from General Motors in 2010 for $1.5 billion. Sports car maker Spyker on Thursday declared bankruptcy, with the small Dutch company that once competed...


Saab Owner Faces Bankruptcy Petition

The company that lifted Swedish automaker Saab out of bankruptcy is now facing financial difficulties of its own. On Tuesday a supplier petitioned a Swedish court to declare National Electric Vehicle of Sweden (Nevs) bankrupt. Labo Test, which supplies test...


SAAB filed for bankruptcy

Swedish carmaker "Saab", initiated bankruptcy proceedings after the last failed attempt to survive in the market, when the former owner of "General Motors" blocked rescue deal with Chinese company to investors. Officials "Saab" today filed bankruptcy documents. The current owner...