Saab owners nationwide have started receiving notices of the chapter 11 bankruptcy filing for Saab Cars North America. As stated in the notice, the meeting with the creditors is fast approaching: April 4, 2012 at 9:30 AM (ET) at 844 King Street, Room 2112, Wilmington, DE 19801.
As this creditor meeting occurs well before the receivers will be announcing their verdict on the current bid for Saab Automobile AB, it remains to be seen whether the creditors will reconvene at a date following bid finalization. It has been widely believed that this filing for bankruptcy protection was actually intended as a measure to “buy them some more time” as the bidding process continues. Seeing assets from SCNA being auctioned off, as we have earlier was a gut-wrenching sight but let’s be hopeful that this will allow the dealer network in the US to be held in-place long enough so that us here in North America will be apart of the Saab restart that we are all waiting for.
Read the Letter here: Saab North America – Chapter 11 Notice