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MKV GTI
'73 Westfalia -
Re: uh oh Saab
Yet another Saab story.Name: Brent
His: '04 TDI Golf Mods: None
If it's smoken it ain't broken
Family: '15 Jetta Sportwagon
Fun car: '92 Blue Karmann Crabby Cabby Mods: Coils, front and rear swaybars, LED interior lights and some other old things. -
Re: uh oh Saab
punnyStefan
-> '19 Deep Black Pearl Alltrack
-> '05 Urban Grey Passat Wagon TDI.
-> Past rides: '14 Allroad, 06 Mazda5, '98 Jetta K2, '01 Jetta TDI, '91 Mazda B2200, '81 Toyota Cressida
-> FutuRe Ride...??!Comment
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Re: uh oh Saab
Saab has been given a financial lifeline as the Swedish government has signed off on plans which will allow the company to sell their real estate holdings - offices and production facilities - to Russian investor Vladimir Antonov who will lease them back to the troubled automaker.
While this is clearly an unorthodox move, the decision is expected to free up nearly 30 million euros (43 million USD) which is desperately needed as the beleaguered brand has been forced to stop production due to payment disputes with suppliers.
Despite allowing Saab to sell property to Antonov, the Swedish Debt Office is still holding off on a decision as to whether or not Antonov can become a shareholder in the company. The government said any such move would also have to be approved by GM and the European Investment Bank.Blair
Former Cars: '12 Fiat 500, '10 VW GTI, '05 Smart Fortwo, '96 VW Jetta GLX, '02 VW GTI 337.........Comment
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