Saab History Receives Saab Automobile Reconstruction Documents From Swedish Court Directly

Posted on 20. Feb, 2009 by in 2000-2009, Sweden

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Through my recent contact who is currently standing on the floor of the Saab Car Museum awaiting the press conference, I have just been able to phone the Swedish Court in Vänersborg to obtain both the English & Swedish reconstruction documents for Saab Automobile AB via e-mail in PDF format for our review!

These documents are publicly available and the staff is very helpful with any questions you may have. If you want an official copy, please don’t hesitate to e-mail me!, it will be the same as what you read above, except that there are more pages in Swedish. In the meantime, the document above is the only section in English, pages 7 through 11 only for our easy reference.

TTELA shows this here about the application process that was granted:

Saab has had its reorganization granted

TROLLHÄTTAN – Updated 13.20 – Soon after nine o’clock on Friday morning left the Saab automobile, an application for reorganization to the District Court in Vänersborg. – It is a plan to make Saab more attractive to outside investors, “said Joe Oliver at Saab Information. Just before lunch, it became clear with the administrator – the lawyer Guy Lofalk

Shortly after nine o’clock on Friday morning left the Saab automobile, an application for reorganization to the District Court in Vänersborg. Ingrid Lund on the expedition deliver the application to TTELA.

A few minutes after the District Court in Vänersborg opening reception gave officers from Saab in the application.
– I have just registered and have paid for it, “says Kerstin Karlström the reception.

This means that companies will have an administrator who will examine whether it can live on.
– This is no shock to us, “said Joe Oliver. This is a continuation of the plan we have to make Saab more independently.

He said that Saab has had contacts with outside investors, but there is no Said player who is interested in Saab – right now. But the plan is to bring Saab “back to the roots” and get the new cars that are in the planning.
– This is a positive step, “said Joe Oliver.

Right now it is business as usual at the Saab factory. Cars should be built, salaries paid, suppliers get paid and above: you can still order and buy new Saab.
In the morning the personnel is informed. A press conference is scheduled for at half three on Friday afternoon.

During Friday morning, the media received information that the factory closed down.
But both the Saab and the Union rejected the data. “It is just speculation,” it is argued from Saab’s information department.

Lawyer Guy Lofalk from Stockholm is designated as the administrator of the company. He is an experienced bankruptcy trustee and företagsrekonstruktör. Saab has previously had contact with him and he has said that he assumes the task.
While parent company General Motors recommend Guy Lofalk as administrator.

The process will also consulting firm AlixPartners to be connected. The company specializes in company reconstructions.
Creditors’ meeting will take place April 6.

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No Responses to “Saab History Receives Saab Automobile Reconstruction Documents From Swedish Court Directly”

  1. edusaab

    21. Feb, 2009

    Its really really interesting info. The 9-4x it will be build in Mexico as it says in the document.

    Please could you send me the pdf file?? I am interested to analyze the balance sheet and accounts and other info it comes as appendix.

    thanks Ryan, great job!

    Reply to this comment
  2. Ryan

    22. Feb, 2009

    Edusaab,

    Sent!

    R

    Reply to this comment
  3. Ted Y

    23. Feb, 2009

    Ryan,
    You’ve been given recognition for posting these documents by Bnet Auto. 🙂
    http://industry.bnet.com/auto/1000749/saab-a-luxury-gm-couldnt-afford/

    Reply to this comment

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