Saab's

But uncertainty about Saab's future is likely to persist as long as regulatory approval for the new deal is pending.

Saab Seeks Deal With Chinese Firms Christina Zander 2011

In a statement, Spyker admitted that Saab's supply chain still wasn't fully functional as some suppliers continued to withhold deliveries due to unpaid bills.

Saab Halts Production Again Christina Zander 2011

The signing of the memorandum didn't affect Saab's decision to stop production at its Trollhattan, Sweden, plant, where production has been halted until the end of the week as the auto maker struggles to get its supply chain in gear.

Saab Seeks Deal With Chinese Firms Christina Zander 2011

Svenake Berglie , head of the Swedish suppliers organization FKG, said he had expected initial disruption to the production restart because Saab's plants were idle for seven weeks, but the latest shutdown signaled that Saab didn't have sufficient funds to settle its debts with suppliers and renegotiate new deliveries.

Saab Halts Production Again Christina Zander 2011

He expressed optimism that the new deal would secure Saab's future.

Saab Seeks Deal With Chinese Firms Christina Zander 2011

He also said the fact that Saab let BAE Systems run the operations of Saab's subsidiary was "unwise."

Saab Denies South African Bribe Claim Christina Zander 2011

It was that restructuring team that first contacted Geely through a third party, and they did so hoping that Geely could help with Saab's restructuring.

Geely Backs Away From Saab Norihiko Shirouzu 2011

STOCKHOLM—The administrator overseeing stricken Swedish car maker Saab Automobile's restructuring is seeking to end the process, potentially paving the way for creditors to put the 64-year-old brand into bankruptcy, Saab's owner Swedish Automobile NV said on Wednesday.

Saab Auto's Reorganization Stalls Katarina Gustafsson 2011

Geely agreed to meet with the relevant party and listened to their pitch out of… politeness to Saab's restructuring team.

Geely Backs Away From Saab Norihiko Shirouzu 2011

"This shows not only the belief of Pang Da and Youngman in our products for the Chinese market, it also is a step that significantly strengthens Saab's financial position and would secure the mid- and long-term financing of Saab Automobile," he said in a statement.

Saab Seeks Deal With Chinese Firms Christina Zander 2011