Saab Says Swedish Court Approves Its Reorganization Request
20 Februar 2009 - 3:20PM
Dow Jones News
Saab Automobile AB, General Motors Corp.'s (GM) Swedish unit,
said Friday a Swedish court has approved its request for protection
from creditors.
Saab filed the request earlier Friday with the Vanersborg
District Court in a bid to reorganize and emerge within three
months as a functioning company that is independent from GM.
"We are now recreating Saab Automobile as an independent unit,"
Saab Chief Executive Jan Ake Jonsson said in a statement.
Company Web site: http://www.saab.com, www.gm.com
-By Ola Kinnander, Dow Jones Newswires; +46-8-5451-3097;
ola.kinnander@dowjones.com