Posts Tagged ‘cars’
Bankruptcy protection is Saab’s last hope
Saab seems to be creeping closer to the end of the road. The Swedish carmaker, which is seeking to stave off its creditors, has filed for bankruptcy protection with a local court.
That is intended to buy it time to get more money from Chinese investors in deals which are still awaiting approval from the Beijing authorities.
Saab’s boss Victor Muller said: “We have seen a very turbulent past four months, in which we managed to get somewhere around 125 million euros of capital and other funding into our company: however, obviously, it wasn’t enough.”
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http://www.euronews.net/
Duration : 0:1:16
GM Files Chapter 11, 2010 GMC Terrain – Autoline Daily 154
General Motors files for bankruptcy. GM will not abandon its headquarters in Detroit. GM, the Canadian parts supplier Magna and the U.S. government reached a deal to save Opel from bankruptcy. All that and more, plus a look at the 2010 GMC Terrain.
Duration : 0:6:17
