Saab Automobile AB Status Meeting Set For April 6th

Posted on 27. Mar, 2009 by Ryan in 2000-2009

As I mentioned earlier, Saab Automobile is setting up their reconstruction mid-review status meeting for April 6th.

The Detroit Free Press has also updated us on this status meeting with an e-mail over to Joe Oliver, who works at Saab Automobile AB who is the Manager, Global Media Initiatives within the Mölnlycke facility just outside of Gothenburg, Sweden.

Update: Saab History has also just received a more detailed update from Saab Automobile’s Joe Oliver to augment this piece below, with a second follow-up from Joe saying that the Detroit Free Press piece is not 100% correct, and will be removing it per his suggestion.

Here is this brief summary below:

Joe Oliver to Saab History

Background:
On the 6th April there will be a creditors meeting which will be administered by the court of Vänersborg. Saab Automobile’s reorganization team, interested creditors and court staff will be in attendance. As a result of the meeting the court will determine if Saab is on track to proceed to the 3 month point in the reorganization process.

“This meeting will act as a “check-point” for the court to confirm that reorganization plans are moving forward as expected. Our primary focus has been for some time and continues to be to reorganize effectively and attract potential new investors – we are making good progress on both of these fronts.”

“We still plan to launch 3 new cars in the next 18 months and are very confident that Saab will move forward as a sustainable, profitable company.”

Tags: Detroit Free Press, Gothenburg, Joe Oliver, Manager, Global Media Initiatives, Saab Automobile AB, Sweden, The Detroit Free Press