Saab bankruptcy likely 'in days' (BBC)

[eppur_se_muova]

The carmaker Saab's application for protection from its creditors to help it avoid being pushed into bankruptcy has been rejected by a Swedish court.

In response, Swedish trade unions said they could demand that Saab be declared bankrupt within days.

Saab had applied for protection while trying to secure additional funding.

Saab had to suspend production in April when its suppliers stopped deliveries after not being paid. Its workers have also had their pay delayed.

Vanersborg district court rejected Saab's application because it did not believe it would work.
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more: http://www.bbc.co.uk/news/business-14839649

[dixiegrrrrl]

1. Wow.