Saab Administrator: Buyer Found

The administrator responsible for restructuring stricken Swedish car maker Saab Automobile is seeking to end the reorganization process, potentially paving the way for creditors to put the 60-year-old brand into bankruptcy.

AMSTERDAM (Reuters) - Dutch sportscar maker Spyker NV is suing General Motors Co f

The plot around the purchase of Saab Automobile thickens. I posted earlier this month that the troubled Swedish car maker had finally found a buyer after spending six months in [...]

Funding to save Swedish carmaker Saab from bankruptcy has fallen through as Chinese investors would now rather take the company over, the Saab administrator said Friday, asking a court to halt the reorganisation process."The Chinese parties no longer wish to cooperate with Saab Automobile's (Dutch) parent company Swedish Automobile. (They) instead want to invest directly in Saab Automobile and thereby take over all ownership in Saab," said the carmaker's court-appointed administrator Guy Lofalk.

A supplier to struggling Saab Automobile has petitioned a Swedish district court to declare a unit of the troubled Swedish car maker bankrupt, the first such application received by the court for a Saab company

Saab Automobile reached a investment agreement with Chinese auto maker Hawtai Motor Group that secures its immediate future and could enable the ailing Swedish car maker to restart production as soon as next week.