Saab is seeking to be self-financed company and filed for reorganization under the Swedish court. They are asking for $1 billion. Saab is working “to create an independent business entity”, where production, design and engineering in Sweden. GM and the Swedish government will continue to help Saab operate as normal during reorganization process.
The question is, wonder if Ford is looking at this process for Volvo?
Source: autonews.com
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