Jump to content
Create New...
  • William Maley
    William Maley

    Saab Gets Two Lifelines

    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

    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.


  • google-news-icon.png



  • Community Hive Community Hive

    Community Hive allows you to follow your favorite communities all in one place.

    Follow on Community Hive
  • google-news-icon.png

  • Subscribe to Cheers & Gears

    Cheers and Gears Logo

    Since 2001 we've brought you real content and honest opinions, not AI-generated stuff with no feeling or opinions influenced by the manufacturers.

    Please consider subscribing. Subscriptions can be as little as $1.75 a month, and a paid subscription drops most ads.*
     

    You can view subscription options here.

    *a very limited number of ads contain special coupon deals for our members and will show

  • Posts

    • The did not give a reason.  The color could simply be an indicator of the charging speed.
    • @Drew Dowdell Did they say why the Silver Collar would not work with the adapter at charging Ford EVs?   Do they not have all the pins that support the slower charging in the NACS adapter?
    • Yes Hummer did have issues and the Lyriq shipped and then held to address software issues. Those are the only two that seem to still be working with their current software as they are the only EVs that support Android Auto and Apple Carplay as GM used the default Qualcomm software with minimal customization. Course the stupid thing is that they are planning to with the updates for the trucks and Chevrolet SUVs move all EVs to their custom software with no Android Auto or Apple Carplay. Hopefully when they realize they made the mistake everyone thinks they did, they will enable it as it is software switched off/on.  Yup we are in total agreement on GM messing up the Hybrid thing. Ford initially back in 2020 when Qualcomm started to announce OEMs that were going to use their Qualcomm Snapdragon system with Android OS that they would go with a customize experience protecting the end user's data from the cell phone companies. Then in 2023 they started to say they would keep it for ICE and not for EVs at the start of the year and by the end of the year the Ford CEO stated that all ICE and EVs would support Android Auto and Apple Carplay as the customers have stated it is an important part of their auto experience. Much like how Wendy's said at the start of the week in their investors meeting that they would roll out Surge pricing for peak hours of buying their food the internet had an uproar with millions sending via social media their unhappiness with Wendy's about surge pricing. Wendy's has now announced that the customer has spoken, and they will NOT be implementing surge pricing. Ford listened to their upset customers, GM has not realized that their customers are not happy about the lack of Android Auto / Apple CarPlay and I think this will bite them big time.
    • That’s a side effect, but no. It’s harder to do both engine and vehicle platform at the same time than it is to have them alternate in cadence.    but that’s kinda true of all major projects with large separate components.
    • I actually assumed it was more about extracting more money out of a vehicle/platform. Brand new vehicles will spike sales, even with an old engine. Then in a year or two they add a new engine to spike sales again. Rinse and repeat. 
  • Who's Online (See full list)

  • My Clubs

×
×
  • Create New...

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

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