Saab Automobile is working primarily on raising more funds to survive over the next several days, while not ruling out filing for reorganization to protect itself from creditors, a spokesman said.
Find Flex On Google+
“We’re still focusing on securing financing,” Eric Geers said in a phone interview today. “But in order to ensure the continued security of Saab, we remain open to all available options.”
Swedish Automobile NV, Saab’s Dutch owner, said in a statement that it’s “aware” of media reports that Saab may be planning a voluntary reorganization. Swedish public radio reported today that Saab is preparing such a court filing, citing unidentified people familiar with the matter.
Full Story:AN
