Search the Community

Many would have already known about Saab's bankruptcy and the following aftermath. After the Swedish company filed for bankruptcy, several companies have made bids for the ailing company's remaining assets. They include China's Youngman, and India's Mahindra Mahindra and Tata Motors. And it was also reported that the company has a total debt of around $1500 million. In the latest twist to the Saab saga, a Swedish workers union, IF Metall, has send a letter to the United States president, Barack Obama, requesting for help in order to save the once proud Swedish marque. Most people might think that they are requesting for a bailout, like what happened to Chrysler. Instead, they want the United States government to pressure General Motors into releasing access to some of the technology licenses which are necessary to build the Saab 9-4X (pictured above) and the 9-5. By doing so, the Swedish automaker's new owners would be able to build Saabs once again providing salvation for over 4000 of Saab