Saab files for reorganization, seeks $1 billion to survive: - ModernCamaro.com - 5th Generation Camaro Enthusiasts
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post #1 of 4 Old 02-20-2009, 05:01 AM Thread Starter
 
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Saab to reorganize; GM still looking for int'l aid

UPDATED AT 5:50 A.M.: GM's restructuring plan submitted to the U.S. Treasury includes up to $6 billion in funding from foreign governments. But Sweden refused to help, and GM's Saab subsidiary today filed for bankruptcy protection.

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post #2 of 4 Old 02-20-2009, 05:01 AM Thread Starter
 
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Saab files for bankruptcy protection

General Motors Corp.'s Swedish-based subsidiary Saab filed for bankruptcy protection Friday so it can be spun off or sold by its struggling U.S. parent, officials said.

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post #3 of 4 Old 02-20-2009, 06:10 AM Thread Starter
 
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Saab files for bankruptcy protection

STOCKHOLM -- General Motors Corp.'s Swedish-based subsidiary Saab filed for bankruptcy protection Friday so it can be spun off or sold by its struggling U.S. parent, officials said.

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post #4 of 4 Old 02-20-2009, 09:20 AM Thread Starter
 
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Saab files for reorganization, seeks $1 billion to survive:

Saab is seeking $1 billion (793 million euros) to be self-financing, the company said on Friday after it filed for reorganization under a self-managed Swedish court process.

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