News about Saab's long term is sketchy at very best. News has been quite slow about what is taking place in Trollhattan. Here in North The united states, Saab dealers are about at their wits conclude with the company. There have no new autos in months, revenue have plummeted, and now there's no money coming in from warranties. But all of that came to an finish previous month with the announcement that Saab North The usa was basically pushed into individual bankruptcy filings by the Saab dealers by themselves who submitted for chapter seven personal bankruptcy on January 31st. This signifies that Saab will go in to entire liquidation. Saab NA, has in essence been shut down because December 19th when Saab Car filed for personal bankruptcy security in Sweden. As of January 13th, eighty% of Saab NA's staff experienced been affreux off. Now the U.S. headquarters in Royal Oak, Michigan will shut down sometime this month. McTevia & Associates who was appointed as the administrator prior to the individual bankruptcy submitting says that they are still functioning on obtaining a buyer for Saab's components distribution arm as there will nevertheless be a need for Saab parts.
Supply: Automotive Information.
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