Swedish Automotive N.V. (Swan) has announced that Saab Automobile, Saab Automobile Tools and Saab Powertrain have filed for bankruptcy
Troubled Swedish carmaker Saab has received a financial boost, with Chinese partner Youngman investing US$5 million in the company
Saab has managed to reach an agreement with the Swedish government and Russian financier Vladimir Antonov to sell and lease back its production facilities to free up cash and resume production