Saab

GM Continues Its Restructuring Long March With Plans To Sell Vauxhall.

April 22, 2009 Ainsley Brown Leave a comment

By: Ainsley Brown General Motors (GM) this week in another move in its restructuring plan has taken further steps to divest itself of its European operations. First it was Swedish Saab now it’s the UK’s Vauxhall. According to the report in the Times GM is prepared to sell Vauxhall at a discount price – you could even say at a

Bankruptcy/Insolvency/Restructuring, Corporate, Economy, Labour, Mergers and Aquisitions

Swedish Carmaker Saab Being Eyed By Several Potential Buyers

April 20, 2009 Ainsley Brown Leave a comment

By: Ainsley Brown In court papers presented to creditors in early April, the Swedish car maker, Saab explained that it has had extensive contacts with about 20 potential buyers. Saab, which is being cut lose by General Motors (GM) as part of its own restructuring efforts, filed for bankruptcy in February. In filing for bankruptcy Saab is hoping to buy

Bankruptcy/Insolvency/Restructuring, Corporate, Mergers and Aquisitions