The investment firm of racing car enthusiast Alex Mascioli, which bought the luxury sports car business of the Dutch owner of Saab in September, plans to invest $70 million in the cash-strapped car maker as Chinese bridge financing looks uncertain. Hit the jump to read the rest of the story. Funk Flex Find Flex On Google+
Auto Talk: Saab Says Pang Da Investment Is On Track
An investment deal between Saab and potential Chinese investor Pang Da is still on course. Hit the jump to read the rest of the story. Funk Flex
Auto Talk: Saab Owner To Sell Spyker Supercar Unit For $44 Million
Saab, said it would sell its Spyker niche luxury sportscar business to U.S. private equity firm North Street Capital, led by racing car enthusiast Alex Mascioli, for about 32 million euros (about $44 million). Hit the jump to read the rest of the story. @WiL
Auto Talk: Saab Eyes Job Cuts After Court Grants Protection From Creditors
Saab said today it may reduce headcount as it implements a cost-cutting plan to secure its survival after a court gave the struggling carmaker temporary protection from creditors. Hit the jump to read the rest of the story. Funk Flex Find Flex On Google+
Auto Talk: Court revives Saab’s hopes of survival
A Swedish court on Monday gave Saab leave to appeal a lower court’s decision denying it protection from creditors, opening a potential lifeline for the bankruptcy-threatened company. Hit the jump to read the rest of the story. Funk Flex Find Flex On Google+
Auto Talk: Saab Bankruptcy Hearing To Be Held In Two Weeks
Saab’s first bankruptcy hearing will be held on September 26, a district court in Sweden said. Hit the jump to read the rest of the story. Funk Flex Find Flex On Google+
