The administrator responsible for restructuring Saab's business, Guy Lofalk, asked the court to halt the restructuring on Thursday because he says Saab is not sure it can get the money it needs from the two Chinese car makers Pang Da and Youngman.
In the application to halt the restructuring, he writes that Chinese partners no longer want to cooperate with Saab Automobiles' parent company, the Dutch-owned Swedish Automobile. He writes that the two Chinese companies want to directly invest in Saab and take over the company.
But the CEO of Saab, Victor Muller, disagrees. He wants Lofalk to be replaced and says a potential deal with US private equity firm North Street Capital could save the company. Muller says Lofalk went behind his and the company's back, an accusation Lofalk denies.