4/15/11

Saab Roller Coaster Continues as Cash Gets Tight


Saab just can't seem to catch a break. After moving from the General's formerly overcrowded pocket into the hands of Spyker, the once-quirky brand is now doing all it can to bring production back online after failing to pay suppliers.
The gist is this: Saab received 400 million Euros (~$580 million) from the European Investment Bank so it could keep on ticking. Sweden guaranteed the loan, meaning whatever Spyker's resolution calls for must get the go-ahead from the Man.

No comments:

Post a Comment

Related Posts Plugin for WordPress, Blogger...

Recent Post