Saab Bankruptcy Sparks Interest Of Many

: Chris Lee Law Firm

  Filed under: Chapter 11

Saab BankruptcyThe Swedish automaker Saab filed for bankruptcy as a last resort option for managing its financial troubles. Having been owned and operated by General Motors for quite some time, the once foreign car manufacturer now stands to reclaim its international roots through a buyout by a different foreign company.

All Eyes On Saab

Since the Saab bankruptcy filing last week several interest buyers have shown interest in the company. Many of the potential interested buyers have expressed interest in resuming operations, which went on hold back in April of this year to stave off financial ruin. It is reported that several foreign companies, including bidders from Sweden, India and Turkey, have expressed serious interest in obtaining parts, or all, of the failed automaker.

Saab’s court-appointed receivers, Hans Bergqvist and Anne-Marie Pouteaux, said “The contacts made so far have been positive and provide real hope that there may be alternatives, and even combinations of solutions that could result in some continued activity and a suitable development of the bankruptcy estate.”

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