Friday, October 21, 2011

Admin trying to terminate Saab reorg, Muller responds by trying to terminate admin

Admin trying to terminate Saab reorg, Muller responds by trying to terminate admin

Things are apparently getting nasty inside Saab as the company continues to scramble for a route to viability. Autocar reports that Guy Lofalk, the court-appointed administrator placed in charge of the company's reorganization affairs, recently applied to terminate the automaker's reorganization process. That move would effectively strip Saab of the protections it enjoys from its creditors while it seeks further investment from outside sources, which means it wouldn't be long before the company found itself snuffed out.

Autoblog, Admin trying to terminate Saab reorg, Muller responds by trying to terminate admin

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