LEDninja
Flashlight Enthusiast
It looks bad for SAAB when a small town newspaper in Canada publishes a story titled:
Bankruptcy looming for Sweden's Saab.
http://www.thespec.com/news/business/article/552323--bankruptcy-looming-for-sweden-s-saab
Quote:
Saab, the Swedish car company renowned for its sometimes quirky designs, moved closer to bankruptcy Thursday after it conceded that it didn't have any money to pay employees' wages.
After months of production stoppages and problems with paying suppliers, Saab said the situation is so dire that it won't be able to pay its 3,700 employees, raising doubts over how long the brand can survive.
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I never owned a car but liked that old SAAB sports car with the huge rear window. With the tiny rear windows of most current cars, there are multiple instances every year of people backing up in the driveway and running over their kids because the driver can't see low enough.
Bankruptcy looming for Sweden's Saab.
http://www.thespec.com/news/business/article/552323--bankruptcy-looming-for-sweden-s-saab
Quote:
Saab, the Swedish car company renowned for its sometimes quirky designs, moved closer to bankruptcy Thursday after it conceded that it didn't have any money to pay employees' wages.
After months of production stoppages and problems with paying suppliers, Saab said the situation is so dire that it won't be able to pay its 3,700 employees, raising doubts over how long the brand can survive.
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I never owned a car but liked that old SAAB sports car with the huge rear window. With the tiny rear windows of most current cars, there are multiple instances every year of people backing up in the driveway and running over their kids because the driver can't see low enough.