Things are apparently getting nasty inside Saab as the company continues to scramble for a route to viability. Autocar reports that Guy Lofalk, the court-appointed administrator placed in charge of the company’s reorganization affairs, recently applied to terminate the automaker’s reorganization process. That move would effectively strip Saab of the protections it enjoys from its creditors while it seeks further investment from outside sources, which means it wouldn’t be long before the company found itself snuffed out.
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But CEO Victor Muller has vowed that Saab will continue to fight for survival, and the automaker has reportedly moved to have Lofalk ousted from the process as a result of his actions.
Full Story: Autoblog
