Category Archives: News

Press Release: ONGOING DISCUSSIONS WITH PANG DA AND YOUNGMAN

October 21, 2011 18:42 Line

By: Swade

Comment (1)

Zeewolde, The Netherlands, 21 October 2011 – Swedish Automobile N.V. (Swan) confirms that a new offer, constituting a direct purchase of the shares of Saab Automobile AB and Saab Great Britain Ltd, was made by Pang Da and Youngman. The …
Read more →

Coverage from the last 24 hours of Saab news

October 21, 2011 0:52 Line

By: Swade

Comments (10)

A few pieces from the web that I think people should check out as they try to digest the news from today…….. Firstly, there’s an interview with Saab CEO Victor Muller on Radio P4 West, from Sweden. It’s in English. …
Read more →

Press Release: Swedish Automobile Received Commitment From North Street Capital On Funding

October 20, 2011 14:40 Line

By: Swade

Comments (7)

Trollhättan, Sweden: Swedish Automobile N.V. (Swan) announces it has received a commitment from North Street Capital, LP (North Street) on the funding of Swan and Saab Automobile AB (Saab Automobile). The offer consists of the following transactions: Subscription to 2,386,635 …
Read more →

No NDRC decision today

October 14, 2011 12:31 Line

By: Swade

Comments (5)

Some internal news from Saab: Many have highlighted October 14 as a possible date when the NDRC would take its decision regarding Saab’s planned business agreements with Pang Da and Youngman. For third parties it is not possible to know …
Read more →

Saab Automobile Update

October 13, 2011 9:02 Line

By: Swade

Comments (8)

Trollhättan, Sweden: Management of Swedish Automobile N.V. (Swan) and Saab Automobile AB (Saab Automobile) confirm that the reorganization is progressing and that a first payment by Youngman under the bridge loan funding commitment as announced on September 12 was received …
Read more →

SWAN, SAAB AUTOMOBILE AND PANG DA RESPOND TO MEDIA REPORTS

October 12, 2011 11:56 Line

By: Swade

Comments (17)

Zeewolde, The Netherlands, 12 October 2011 – Swedish Automobile N.V. (Swan) and Pang Da Automobile Trade Co., Ltd (Pang Da) have taken notice of media reports questioning the validity of the partnership agreements between Swan, Saab Automobile AB (Saab Automobile) …
Read more →

News from Asia – Saab 9-5 named COTY in Singapore, 9-3 Griffins arrive and leave in Taiwan

October 7, 2011 19:17 Line

By: Swade

Comments (7)

We’ve had some good news from Asia in the last few days. Very encouraging indeed. On top of the Saab 9-4x being shortlisted for Truck of the Year in the United States, the Saab 9-5 has just been awarded a …
Read more →

Press Release: Saab Automobile To Improve Efficiency As Part Of Business Plan Review

September 21, 2011 16:02 Line

By: Swade

Comments (12)

Trollhättan, Sweden: Swedish Automobile N.V. (Swan) announces that Saab Automobile AB (Saab Automobile) has launched an efficiency improvement initiative as part of a broader review of the company’s business plan for 2012 and beyond, aiming at creating a more flexible …
Read more →

Press Release: Saab Automobile Voluntary Reorganization Filing Approved

September 21, 2011 13:33 Line

By: Swade

Comments (13)

Trollhättan, Sweden: Swedish Automobile N.V. (Swan) announces that Saab Automobile AB and its subsidiaries Saab Automobile Powertrain AB and Saab Automobile Tools AB (collectively Saab Automobile) received approval for their proposal for voluntary reorganization from the Court of Appeal in …
Read more →

Reorg: Yes.

September 21, 2011 13:08 Line

By: Swade

Comments (14)

We’ve just heard that the Swedish court has approved our appeal, and thereby granted us reorganisation status. This decision will provide stability that’s much needed as we get things together in advance of our dealing with Chinese partners in the …
Read more →