Court rejects voluntary reorganization application. Saab Automobile to appeal decision.
Zeewolde, The Netherlands, 8 September 2011 – Swedish Automobile N.V. (Swan) announces that the District Court in Vänersborg, Sweden today rejected the proposal for voluntary reorganization by Saab Automobile AB and its subsidiaries Saab Automobile Powertrain AB and Saab Automobile Tools AB (collectively Saab Automobile). Saab Automobile is disappointed with the ruling and will appeal the District Court’s decision.
Swan will update the market tomorrow on further developments.