Video - Bankruptcy protection is Saab's last hope


Videa Saab Bankruptcy protection is Saab's last hope



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." ... www.euronews.net

euronews, corporate, Cars, Sweden

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Videa

Délka: 1 minut : 16 sekund
Autor: Euronews
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