Sweden: Saab still awaits €70m bridge financing

Saab is still awaiting €70m (US$93m) worth of bridge financing it needs while it restructures under court protection, a company spokesman has confirmed to Reuters. Swedish Automobile announced in mid-September that Saab Automobile had signed a technology licence agreement with a special purpose vehicle named Swedish Automobile coöperatief U.A. (SPV). The Subscribe to Automotive World … Continued

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• October 6, 2011