Saab and all of its parents and subsidiaries are in the middle of some questionable times. With every part being sold off or changed, certain divisions are looking for the proper protection. The United Kingdom’s gateway into Swedish cars, Saab Great Britain (GB) is making sure that they will be okay during this “in-between” stage as they recently filed for administration with London’s High Court. So, for the time being, the brand has ‘legal protection.’
In Saab GB’s own press release, it was revealed that “the board of Saab GB is of the opinion that administration gives the company and creditors the necessary legal protection until the required funding for the company has been secured.” Once the directors of the division give the go-ahead for the next administrator, new management will take over. One of the main purchasers of Saab, Youngman, has issued a conditional commitment to pay of certain employee wages, which have been pushed back by multiple months. Even though the Chinese company has stated a commitment to continue Saab’s operations, the Swedish automaker has yet to receive any funding.
Source: Saab
