Home

Straightline

The car enthusiasts news blog from Inside Line

Saab Administrator Filing for Termination of Voluntary Reorganization

 saab outside sno hus at detroit.jpg

Shocker, now that GM has stepped in to put a halt to the Chinese takeover of Saab, the Administrator of Saab's voluntary reorganization, Guy Lofalk, has announced that he will file for the termination of said reorganization.

Saab has "approximately five to six days" to submit their position to the courts before a final decision. That gives Saab and Youngman six days to figure out how to get this done without GM getting all upset.

In other words, Saab's got about six days left.

Categories: ,

4 Comments

stovt001 says:

12:18 PM, 12/ 7/11

"In other words, Saab's got about six days left." We were saying that 6 months ago. Saab will somehow find a way to cling to life just to spite everyone.

altimadude05 says:

12:50 PM, 12/ 7/11

bodyblue says:

01:18 PM, 12/ 7/11

Good lord just die already...

teampenske3 says:

02:36 PM, 12/ 7/11

I love Saab, but here's the funny thing. In the summer, when this was going on and on, I said just die with dignity rather than dragging it out. Now, I actually kinda want them to live a little longer, just for fun.

Add a comment

Advertisement

Latest Poll

How do you deal with the high price of gas?

Advertisement

Tip the Editors

Got a breaking news tip for the Inside Line editors?

Send it to tips@edmunds.com

Browse Archives