Law and Rights
Is Saab going, going, gone? Rumors of near-bankruptcy circulate as Saab delayed its release of the first half 2011 financial report which, obviously, will likely be printed with red ink.
News reports say Saab missed another payroll and its suppliers still refuse to provide the parts Saab needs to build cars.You have to know that the few Saab dealers that are left out there are making plans to move on. One dealer reported remarked that they were no longer going to support Saab "after learning that Saab board members received pay increases recently, even as the rest of the staff waited for their checks," according to TheDetroitBureau.com.
If you own a Saab car or suv, now might be the best time to get rid of it or, at the very least, plan on not having anyone willing to do any warranty work on it. But then again, that's probably already a problem you have been dealing with.
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- Saab Troubles Continue As Asset Seizure Nears
It's a sad story for Saab owners around the world. The only vehicle actually being built right now is reportedly just the 9-4X Suv model with the rest of the Saab model line on hold while every day is undoubtedly causing heartburn in the board room....
- Saab Is Tottering On The Brink Of Collapse - Financing Falls Thru
Saab breathed a sigh of relief a few days ago when it announced a deal with a Chinese automaker that would have Hawtai Automotive Group gobble up 29.9% of Saab and loan it more money, funneling to Saab $216 million. With the money, Saab was set to pay...
- Saab Plant Continues Shut Down; Parts Shortage; Millions Owed To Suppliers?
Saab's main assembly plant in Sweden remains shut down while parts suppliers line up with hand outstretched, wanting paid for parts deliveries. Saab officials say they have $200 million in the bank, according to The Detroit Bureau, but still are trying...
- Dutch Luxury Car Maker Bids For Saab
First it was reported that any Saab sale was kaput. Then it was reported that a China company was mulling it over and a sale looked likely. Now, they say the Dutch are back in the buying game, as luxury car maker Spyker Cars NV was reported to be the...
- Saab Sale Dies, And Saab With It
GM received word today that the only buyer for the Saab brand has backed out. It looks like the Saab sale will die and Saab with it. GM had notified the Saab dealers that it would close Saab down if it didn't find a buyer and for months the only...
Law and Rights
Is Saab going, going, gone? Rumors of near-bankruptcy circulate
Is Saab going, going, gone? Rumors of near-bankruptcy circulate as Saab delayed its release of the first half 2011 financial report which, obviously, will likely be printed with red ink.
News reports say Saab missed another payroll and its suppliers still refuse to provide the parts Saab needs to build cars.You have to know that the few Saab dealers that are left out there are making plans to move on. One dealer reported remarked that they were no longer going to support Saab "after learning that Saab board members received pay increases recently, even as the rest of the staff waited for their checks," according to TheDetroitBureau.com.
If you own a Saab car or suv, now might be the best time to get rid of it or, at the very least, plan on not having anyone willing to do any warranty work on it. But then again, that's probably already a problem you have been dealing with.
Burdge Law Office
www.USLemonLawyers.com
Because life's too short to drive a lemon
Subscribe in a reader- Saab Troubles Continue As Asset Seizure Nears
It's a sad story for Saab owners around the world. The only vehicle actually being built right now is reportedly just the 9-4X Suv model with the rest of the Saab model line on hold while every day is undoubtedly causing heartburn in the board room....
- Saab Is Tottering On The Brink Of Collapse - Financing Falls Thru
Saab breathed a sigh of relief a few days ago when it announced a deal with a Chinese automaker that would have Hawtai Automotive Group gobble up 29.9% of Saab and loan it more money, funneling to Saab $216 million. With the money, Saab was set to pay...
- Saab Plant Continues Shut Down; Parts Shortage; Millions Owed To Suppliers?
Saab's main assembly plant in Sweden remains shut down while parts suppliers line up with hand outstretched, wanting paid for parts deliveries. Saab officials say they have $200 million in the bank, according to The Detroit Bureau, but still are trying...
- Dutch Luxury Car Maker Bids For Saab
First it was reported that any Saab sale was kaput. Then it was reported that a China company was mulling it over and a sale looked likely. Now, they say the Dutch are back in the buying game, as luxury car maker Spyker Cars NV was reported to be the...
- Saab Sale Dies, And Saab With It
GM received word today that the only buyer for the Saab brand has backed out. It looks like the Saab sale will die and Saab with it. GM had notified the Saab dealers that it would close Saab down if it didn't find a buyer and for months the only...