restructuring

Court awaits overdue statement from Saab

At 1 o'clock this afternoon, troubled Swedish automaker Saab was to have submitted an opinion to the Vänersborg district court to continue the ongoing restructuring of the company. But by early afternoon, the court had yet to receive the statement. The law firm Guy Lofalk is in charge of the restructuring but wants to throw in the towel.

Judge Cecilia Tisell tells Swedish Radio Väst, "Saab has run out of time to submit this, but if the court gets their opinion before we make our decision tomorrow, we'll take their statement into consideration," she says.

However, Gunilla Gustavs from Saab's information department, tells news agency TT that the company has communicated with the court and the affected parties, including Guy Lofalk and all the lawyers.

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