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Saab Automobile AB


About Saab Automobile AB

Saab Automobile AB is a renowned car market in Europe. The company is indirectly owned by General Motors. When GM filed for bankruptcy, Saab too filed for bankruptcy in Europe. Swedish car maker Koenigsegg express interest in acquiring Saab. Analysts expressed concerns if Christian von Koenigsegg can run a company of the size of Saab considering he has no prior experience in running such a large-size company. On June 17, 2009, a senior Swedish government official said they are not yet clear if Koenigsegg needs any loan guarantees or not. Meanwhile, creditors of the company approved for settling its debts by paying 25% of what was owed. In November 09, the deal was put-off after it was unable to make a financial agreement with the Swedish Government. GM on the other hand continued to have its four German factories open and running as part of its European operations restructuring.

Saab Automobile AB in News

American Axle & Manufacturing Reports Fourth Quarter and Full Year 2012 Financial Results

Debt Office takes ownership of Saab Parts
The National Debt Office has decided to take ownership of Saab Automobile Parts AB. The company has since the bankruptcy of Saab Automobile AB, been owned by the bankruptcy estate. The takeover is done by assumption of a pledge of all the shares in the company and will take a few weeks.

AAM Acquires Full Ownership of e-AAM Driveline Systems AB
Detroit, Michigan, February 29, 2012-- American Axle & Manufacturing (AAM) today announced that it has acquired full ownership of e-AAM Driveline Systems AB (e-AAM) in Trollhättan, Sweden

American Axle & Manufacturing Reports Fourth Quarter and Full Year 2011 Financial Results
Full-Year Non-GM sales increase by 25% on a year-over-year basisDetroit, Michigan, February 3, 2012-- American Axle & Manufacturing Holdings, Inc. (AAM), which is traded as AXL on the NYSE, today reported its financial results for the fourth quarter and full year 2011.

Castellum AB (publ) : The election committee's proposal regarding the board of directors etc of Castellum AB (publ)
The election committee proposes election of Mrs. Charlotte Strömberg as new chairman of the board of directors of Castellum. Mr. Jan Kvarnström, who has been chairman of the board of directors since 1994, has declined re-election.

National Debt Office intends to release Saab security
The Swedish National Debt Office, the SNDO, concluded its discussions with Saab Automobile AB regarding the financing proposal presented by Saab already on Tuesday of this week.

Chinese women drinking collagen for 'skin as soft as a baby's'
Move over Botox injections - collagen drinks are the new way to go in China for getting rid of those wrinkles.

Scientists raise concerns about 'healthful' plant-based antioxidants' safety
Scientists have raised concerns about the safety of 'healthful' plant-based antioxidants', including those renowned for their apparent ability to prevent cancer.

How a vegetarian diet can prevent cancer
It's a known fact that vegetarian diet helps fight cancer, but a new research suggests that plants may protect us from cancer in a far more novel way - they may block a cancer's ability to grow.

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