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Trollhättan, Sweden: Swedish Automobile N.V. (Swan) announces it has been informed that the administrator of the reorganization, Mr. Guy Lofalk, will apply for termination of the voluntary reorganization of Saab Automobile AB (Saab Automobile) and two subsidiaries at the Swedish court in Vänersborg.
In spite of the funding commitment of North Street Capital LP which was published earlier today, the administrator who leads the reorganization, Mr. Guy Lofalk, will file an application at the Swedish court to terminate the reorganization process. Saab Automobile shall contest this application and request for continuation of the voluntary reorganization process.
Simultaneously, Saab Automobile shall apply at the court for replacement of Mr. Lofalk as administrator.
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JASI Will fix this. Plan F upcoming:) GLHF!# 1October 21, 2011
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aerocabthis must be the final final final end?# 2October 22, 2011
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BenganDen svenska översättningen på pressinfon är otroligt rolig ätt läsa...# 3October 22, 2011
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JansSaab is een zeer goede auto en ik vertrouw er op dat de plannen van Muller door gaan, laat hem zijn werk doen!!!# 6October 23, 2011
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