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Saab was losing $ 1.3 million a day during Spyker ownership... Posted by Scott Paterson [Email] (#13) [Profile/Gallery] (more from Scott Paterson) on Sun, 18 Sep 2016 16:13:24
In Reply to: Re: I think Christian von Koenigsegg saw the future, Steve T, Tue, 30 Aug 2016 02:40:09 Members do not see ads below this line. - Help Keep This Site Online - Signup
Just an article I came across today...
"When Saab went under, it almost dragged Spyker with it,” he told just-auto. “We managed to escape that fate by bringing on board Youngman, the bus maker from China. But they didn’t live up to their commitments, so by the end of 2014 we had really come into heavy weather. We went through what the Americans would call Chapter 11, a moratorium, and that was converted to bankruptcy and I appealed the bankruptcy and I managed to get out, I won – which never happens. It so happens that I am a lawyer by profession."
_______________________________________ Saabnet.com Webmaster Saabs Owned: 1973 Saab Sonett III (Current) 1983 Saab 900 Turbo 1985 Saab 900 Sedan 1990 Saab 900 1992 Saab 900S 1999 Saab 9-3 Turbo 2005 Saab 9-2X Aero (RIP 95K/Accident-guy ran stop sign) 2005 Saab 9-2X Aero (Current) 2007 Saab 9-3 SportCombi 2010 Saab 9-3X Wagon Winner 1996 Saab Owners Convention Rally Novice Class Winner 1999 Saab Owners Convention Rally (All Classes) Also Founder of two non-profits: Poverty2Prosperity.org RunClubMenloPark.org
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