Jump to content
  • William Maley
    William Maley

    Saab Gets Two Lifelines

    Sign in to follow this  

    William Maley

    Editor/Reporter - CheersandGears.com

    December 14, 2011

    Last time on the story of Saab; Guy Lofalk, the court-appointed administrator of Saab’s voluntary reorganization filed paperwork to end the reorganization and the Swedish courts would make decision this Friday. But like all other times, Saab has found a lifeline to keep them afloat. This time, Saab has found two.

    Lifeline #1 comes from Youngman Automotive who sent Saab 3.45 million Euros (about $5 million U.S. dollars) to cover immediate tax expenses this week. But that's not all; Youngman is promising a further $26.4 million payment this week to cover unpaid salaries and $13.2 million more by the end of December.

    Lifeline #2 comes from Swedish courts. Originally, the Court told Saab they had until tomorrow to present a case on why the court should continue the voluntary reorganization. Well, the Court has moved the hearing to next week.

    Source: Reuters, Left Lane News

    Sign in to follow this  


    User Feedback

    Recommended Comments

    There are no comments to display.



    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.




  • Posts

    • The problem w/ driving anywhere right now are bathrooms..public ones at parks etc are closed.   With the nice weather, I do want to go up the coast to some of my favorite beaches, lighthouses, etc. 
    • Being a Roller Coaster Junkie, when the kids were growing up, I would pile them in the auto after school and drive the 18hrs to the parks in California through the night so we were there Saturday morning. Then I would drive back Saturday night getting home Sunday. Yes I am a crazy road trip person, but loved to live life and was so fun to just get out, drive and stop every 500 miles or so in the Suburban to refill the extra large tank I ordered with it when I bought my 94 GMC Suburban. Course Bio Brakes are always important, so would stop at the I5 rest stops when needed, but not places there for drinks or food, so having an ice chest in the auto and refilling the Yeti just makes it perfect for me. I know not everyone is like me. Even in this Pandemic, get out and go for a long drive and end up back home. At least your out, see the country side and then come back home to a nice BBQ steak and drinks is my thinking.  
    • Additional movies I have watched in the last 10 weeks of work from home social distance that I really like and yes action / Scifi is my jam! I am Mother. https://www.netflix.com/title/80227090 https://www.imdb.com/title/tt6292852/ Shanghai Fortress. https://www.netflix.com/title/81161230 https://www.imdb.com/title/tt6628322/?ref_=nv_sr_srsg_3 The Titan. https://www.netflix.com/title/80148210 https://www.imdb.com/title/tt4986098/?ref_=fn_al_tt_1 If you like space, extraterrestrial aliens, action, then these movies are good to watch.
    • Haven't done a road trip in a while, but I in the previous reality, I'd stop every 100 miles or so for a bio break.   I'd take a cooler w/ bottles of water.  Stop for coffee at McDonalds or Dunkin in the morning.  
    • Watched two movies over the work weekend broken into 3 segments as I watched Spectral on Saturday while having breakfast, lunch and dinner before going back to work. Then on Sunday watched Extraction. I have to HIGHLY RECOMMEND both movies. Netflix did an awesome job on them. Spectral - https://www.imdb.com/title/tt2106651/ Great Scifi and action. https://www.netflix.com/title/80098200  Extraction - https://www.imdb.com/title/tt8936646/?ref_=nv_sr_srsg_0 Extreme action, roller coaster ride that never ends and the ending is great. https://www.netflix.com/title/80230399
  • Social Stream

  • Today's Birthdays

    1. Ted Smith
      Ted Smith
      (40 years old)
    2. Tommy231
      Tommy231
      (61 years old)
  • Who's Online (See full list)

  • My Clubs

About us

CheersandGears.com - Founded 2001

We ♥ Cars

Get in touch

Follow us

Recent tweets

facebook

×
×
  • Create New...