Updated: Ally wins court case to liquidate 950 Saabs
SaabWorld reported earlier about new Saabs being held in US ports. There are 151 brand new Saabs stored in Port Hueneme, California. Ally Financial was seeking court approval to take control of these 151 Saabs.
There are some pictures on Foundourownroad.com showing many Saabs that are stuck at the port in Newark, New Jersey. According to the forum, 100-200 new Saabs are parked outside and possibly even more inside a storage building.
A court hearing about the faith of these Saabs was held on Friday March 23. Information on a few websites shows Ally won the court case and can liquidate 950 Saabs. From Dow Jones:
The third port where Saabs are offloaded and imported in the USA is the Port of Brunswick, Georgia. There must be quite a number of Saabs stored there as well because about 900 Saabs are being held at US ports.
Ally has already requested relief from stay to take control of its collateral, which it believes to be worth less than the $61 million owed as of Dec. 27. According to the Feb. 7 relief from stay motion, Ally had already filed lawsuits in state courts in New Jersey, California and Georgia to take possession of the vehicles. Hearings in those courts were set to take place in February.
Don't miss this SaabWorld article: Port handling of Saabs near New York