[Actualité] Saab : L'actualité venue du froid

Report: Saab to seek court protection from creditors
Automaker says it is 'evaluating all available options'

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STOCKHOLM (Reuters) -- Swedish carmaker Saab, owned by Dutch group Swedish Automobile NV, is to apply for court protection from its creditors, public radio quoted sources as saying today.

Saab, rescued from bankruptcy last year by Swedish Automobile as former owner General Motors Co. prepared to shut it down, has struggled to raise funds to restart production, pay wages and settle suppliers' bills.

Public radio quoted what it called several different sources as saying the company would apply for court protection from creditors. It did not say when this would happen.


"Swedish Automobile is aware of certain reports in Swedish media related to a possible filing by Saab Automobile AB for a voluntary reorganization under Swedish law," the company said in a statement.

It said it was in discussions with several parties to secure short- and medium-term funding in order to restart and sustain production.

"In order to secure the continuity of Saab Automobile, Swan (Swedish Automoble) and Saab Automobile are evaluating all available options," it said.

Michele Tinson, Saab's U.S. spokeswoman, said in an e-mail she could neither confirm nor deny the report.

A previous company statement said: "Saab Automobile AB is now working on other options to secure bridge funding which would allow us to stabilize operations, finalize negotiations with suppliers on payment and delivery terms and restart production.

"We have reached agreements with the majority of our production-related suppliers."

Restructuring process

If the company obtains a court creditor protection order, it would place it into a process of corporate restructuring.

Under this process, which Saab entered in 2009 after GM made clear its intention to cease funding the company and exited later that year, the company is granted temporary protection from creditors while an administrator and management seeks to restructure it into a viable business.

The company earlier said it was delaying its second-quarter report to August 31.

The Saab production line has been shut almost continuously since late April after suppliers with unpaid bills stopped providing parts. Saab says it has an agreement with some creditors but it has also said production will not start again until Aug. 29 at the earliest.

Saab has lived hand to mouth since the start of the year after a sales shortfall last year left it short of cash.

CEO Victor Muller has signed investment deals with Chinese car distributor Pangda and carmaker Zhejiang Youngman Lotus Automobile Co. He has raised more than 100 million euros in loans and car sale agreements since the start of the year.

Philip Nussel contributed to this report.



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908LM a écrit:Tu as remplacer ton SUV finalement...

Wil a écrit:Ça c'est de la plaque personnalisée :
http://static.autoblog.nl/images/wp2011/saabotage.jpg

frederic.E a écrit:Saab :
Pertes 1er semestre 2010 : ~ 21 millions d'euros
Pertes 1er semestre 2011 : ~ 200 millions d'euros

Saab se meurt bel et bien et ce ne sont pas les voyages et gesticulations de V.Muller qui vont changer qq chose.