According to U.S. media reports thedetroitbureau, Saab car company or face liquidation crisis. Saab is currently insolvent, even if the former owner received approval by the Chinese general and youth large is difficult to repay the creditor's acquisition debt.
Even if General Motors Corporation agreed to Saab acquisition, received funds are still not fully pay off the debt. Saab present the possibility of liquidation, as proposed for the purchase price of $ 181 million drop in the bucket in terms of its huge debt.
Began in March last year, some of the parts manufacturers Yin Sabo arrears boycott measures taken, and soon Saab headquarters plant shutdowns. , The Saab has been frantically seeking salvation. Late last month, Saab announced the acceptance of China's large and young lotus its 100% stake acquisition.
Difficulties followed the acquisition of
However, Saab can proceed smoothly, still grave doubts. Because even if GM and the Chinese government approval, Saab's creditors may not agree with. At present, the most worried about GM's Saab oppose the acquisition. As early as 2010, GM sold to the Swedish car company Saab. GM said it worried that the acquisition of patented technology will become a foregone conclusion and Chinese competitors. In addition, Saab is a huge youth, after all, will become general in the Chinese market is a strong competitor, a threat to common interests, which certainly is a big hardship common.
Saab is developing a general satisfaction both to make plans while avoiding bankruptcy, reorganization of its supervisors have said they did not rule out bankruptcy to the court for Saab.
Swedish car company originally planned price of $ 300 million sale of Saab and youth to a huge 53% of the shares, waiting for approval from the Chinese government shelved. Thus, the final, large and youth will be able to use half the price of the acquisition.
However, China's large and young people not only need to convince the general acceptance of the Lotus Saab regarding the acquisition, but also to persuade creditors to accept debt impairment Saab fact. The proposed purchase price of 1.32 billion euros, after impairment less than the Saab current debt of about 4.5 million euros ($ 6.0 million).
In this connection, the Swedish car company, said Saab and Spyker sports car on the acquisition, will consider all possible options. Saab is currently being acquired for approval regarding the current need to wait for the Chinese, but the initial agreement will be valid for November 15.
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