Jump to content
News
Reviews
Discussons
Activity
Create New...
Close

  • 🚗 Your People Are Here. Get In.

    The internet is full of car content. This is the community.

    Cheers & Gears has been bringing enthusiasts together since 2001. Join the conversation, show off your garage, and find your people.

  • Drew Dowdell
    Drew Dowdell

    By Drew Dowdell •

    SAAB Files For Bankruptcy

    December 19th, 2011 - Drew Dowdell - CheersandGears.com -

    It looks like the end is nigh for troubled Swedish automaker SAAB who filed for bankruptcy in Vänersborg, Sweden today. After receiving a number of life lines in the way of funding promises via various Chinese banks and auto manufacturers, the final life line by Youngman Automotive was cut when General Motors officially stated that they would not approve the deal.

    Just last week, the court appointed administrator for SAAB's voluntary reorganization, Guy Lofalk, quit giving SAAB another two weeks to finalize the deal with Youngman Automotive.

    The official press release from SAAB is on page 2

    Zeewolde, The Netherlands, 19 December 2011 – Swedish Automobile N.V. (Swan) announces that Saab Automobile AB (Saab Automobile), Saab Automobile Tools AB and Saab Powertrain AB filed for bankruptcy with the District Court in Vänersborg, Sweden this morning.

    After having received the recent position of GM on the contemplated transaction with Saab Automobile, Youngman informed Saab Automobile that the funding to continue and complete the reorganization of Saab Automobile could not be concluded. The Board of Saab Automobile subsequently decided that the company without further funding will be insolvent and that filing bankruptcy is in the best interests of its creditors. It is expected that the Court will approve of the filing and appoint receivers for Saab Automobile very shortly.

    Swan does not expect to realize any value from its shares in Saab Automobile and will write off its interest in Saab Automobile completely.

    Source: SAAB Global Media

    Go to articles

    User Feedback

    Recommended Comments



    Join the conversation

    You can post now and register later. If you have an account, sign in now to post with your account.
    Note: Your post will require moderator approval before it will be visible.

    Guest
    Add a comment...

    ×   Pasted as rich text.   Paste as plain text instead

      Only 75 emoji are allowed.

    ×   Your link has been automatically embedded.   Display as a link instead

    ×   Your previous content has been restored.   Clear editor

    ×   You cannot paste images directly. Upload or insert images from URL.

    ×



  • Support Independent Automotive Journalism

    25 years of honest automotive coverage — because someone has to do it.

    Cheers & Gears has never been filtered by manufacturer relationships or driven by algorithm. Just real people, real opinions, and a genuine love of cars. Subscribers keep the lights on and get an ad-light experience starting at $2.25/month.*

    View subscription options

    *A small number of ads feature member-exclusive coupon deals and will still appear.

  • Posts

    • Drew Dowdell
      CMS Canonical App for IPS V5

      By Drew Dowdell · Posted

      View File CMS Canonical App for IPS V5 Fixes a common SEO problem for sites using CMS articles with linked forum discussions. When a forum topic is associated with a Pages article for comment storage, search engines see two URLs with similar content, diluting your rankings. This app automatically sets the canonical URL on the forum topic to point back to the Pages article, consolidating SEO authority where it belongs. Configure which CMS databases should have canonical handling enabled from the ACP — everything else is automatic. Works with multiple databases and requires no template edits or manual intervention. This app could become redundant in future if IPS fixes this issue.  Submitter Drew Dowdell Submitted 04/13/2026 Category Files  
    • Drew Dowdell
      News Sitemap for IPS5

      By Drew Dowdell · Posted

      View File News Sitemap for IPS5 Automatically generates a Google News compliant XML sitemap from your CMS articles. Recent articles (published within the last 48 hours) are pulled from your chosen CMS databases and output as a standards-compliant sitemap at yoursite.com/newssitemap.xml, ready to submit to Google Search Console. Choose which CMS databases to include and set your publication name from the ACP. The sitemap respects Google's 1,000-article limit, includes proper publication dates, and is sorted newest-first; no cron jobs or manual steps required. NOTE: Per Google News sitemap specifications, only articles published within the last 48 hours are included. If no articles are published within that window, Google Search Console may report sitemap errors — this is expected behavior and not an issue with the application. Submitter Drew Dowdell Submitted 04/13/2026 Category Files  
    • Drew Dowdell
      Bounce Detector for IPS V5

      By Drew Dowdell · Posted

      Bounce Detector for IPS V5 View File For IPS V5: Automatically processes email bounce notifications and spam complaints from Amazon SES and Sendgrid, keeping your member list deliverable without manual effort. When a hard bounce or spam complaint is received via webhook, the member's email delivery is disabled and their account is flagged as validating — preventing future sends until an admin intervenes. Soft bounces are tracked and escalate to a hard block after repeated failures. Admins can review all blocked members, filter by status or domain, and manually re-enable delivery with a single click. Includes a one-time migration tool to import existing bounce data from the legacy Mail Bouncer plugin. Submitter Drew Dowdell Submitted 04/15/2026 Category Files  
    • Drew Dowdell
      Birthday Greeter for IPS V5

      By Drew Dowdell · Posted

      Birthday Greeter for IPS V5 View File Sends personalized birthday greetings to your members automatically on their birthday. Supports three delivery methods — email, private message, and forum topic — each independently configurable with rich text messages and template tags for the member's name, age, and site name. A configurable send time, timezone, and buffer window prevent duplicate sends if your task scheduler runs more than once. Members can be excluded by group, age range, or inactivity period, keeping greetings relevant and your sending volume under control. This App can be useful when combined with the Bounce Detector app to keep your e-mail lists clean of stale addresses. When combined with Bounce Detector, a yearly birthday message can check if the e-mail address of the user is valid.  Bounce Detector Submitter Drew Dowdell Submitted 04/15/2026 Category Files  
    • Drew Dowdell
      Wasabi S3 Workbench

      By Drew Dowdell · Posted

      Wasabi S3 Workbench View File A service status and storage management companion for communities using Wasabi S3 object storage. Adds live status monitoring for Wasabi S3 directly to your ACP dashboard, pulling from Wasabi's status API on a scheduled basis so you know about outages before your members do.  Requires IPS v5 Submitter Drew Dowdell Submitted 04/15/2026 Category Files  

  • Who's Online (See full list)

    • There are no registered users currently online

  • My Clubs

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.

Hey there, we noticed you're using an ad-blocker. We're a small site that is supported by ads or subscriptions. We rely on these to pay for server costs and vehicle reviews.  Please consider whitelisting us in your ad-blocker, or if you really like what you see, you can pick up one of our subscriptions for just $1.75 a month or $15 a year. It may not seem like a lot, but it goes a long way to help support real, honest content, that isn't generated by an AI bot.

See you out there.

Drew
Editor-in-Chief

I've whitelisted
Continue without support

Write what you are looking for and press enter or click the search icon to begin your search