Saab files for voluntary reorganisation

Tom Webster

The coffin bearers' ears might have pricked up this morning following the announcement that Saab Automobile is filing for voluntary reorganisation in a Swedish court, but they will have to wait a little longer as the process is another attempt to sort out the company's finances.

The brand's parent company, Swedish Automobile N.V. (Swan) applied for the three-month process in a court in Sweden this morning at 9am local time.