Sweden

A Swedish prosecutor says three former executives of automaker Saab Automobile AB have been arrested on accounting fraud charges, the Associated Press reported. Prosecutor Olof Sahlgren says the three are "suspected of aggravated attempts to avoid t ...

Daily Headline - global.abi.org - 05/20/2013 - 23:02 - 0 comments

Sweden’s financial watchdog will stop turning a blind eye to traders who have ignored a rule requiring them to report company bond prices as the regulator seeks to improve transparency in a growing market, Bloomberg News reported today. The Swedish Finan ...

Daily Headline - abi_admin - 01/02/2013 - 10:09 - 0 comments

Troubled Scandinavian airline SAS and its labor unions on Monday pushed on with talks aimed at ensuring the group's survival and avoiding bankruptcy after a midnight deadline for a deal passed, The Chicago Tribune reported on a Reuters story. Th ...

Daily Headline - global.abi.org - 11/18/2012 - 21:23 - 0 comments

SAS AB on Monday said it would cut salaries and more jobs as part of a new restructuring plan that is dependent partly on the support of labor unions, as the Scandinavian airline carrier tries to convince investors of its long-term future, The Wall Str ...

Daily Headline - global.abi.org - 11/12/2012 - 23:37 - 0 comments

General Motors Co on Friday dismissed claims made in a $3 billion lawsuit filed by Saab's parent that the U.S. automaker deliberately bankrupted the Swedish company by blocking a deal with a Chinese investor, Reuters reported. GM, in a response file ...

Daily Headline - global.abi.org - 09/30/2012 - 21:59 - 0 comments

Spyker NV, the owner of Swedish car maker Saab Automobile AB before its financial collapse late last year, Monday said it has filed a $3 billion lawsuit against General Motors Co. claiming the U.S. car giant drove the Swedish company into bankruptcy, T ...

Daily Headline - global.abi.org - 08/07/2012 - 01:03 - 0 comments

Spyker NV, the owner of Swedish car maker Saab Automobile AB before its financial collapse late last year, Monday said it has filed a $3 billion lawsuit against General Motors Co. claiming the U.S. car giant drove the Swedish company into bankruptcy, T ...

Daily Headline - global.abi.org - 08/07/2012 - 06:46 - 0 comments

A Chinese-born Swedish investor with Japanese support has agreed to buy bankrupt automaker Saab Automobile and plans to bring it back to life as a maker of electric cars, with an initial focus on the Chinese market, Reuters reported. Saab, which has been ...

Daily Headline - global.abi.org - 06/13/2012 - 20:56 - 0 comments

Skyways Express AB and its subsidiary City Airline AB Tuesday canceled all flights with immediate effect and said it will file for bankruptcy during the day as its owner said it could no longer finance the Swedish regional airline, Dow Jones reported. Th ...

Daily Headline - global.abi.org - 05/22/2012 - 20:36 - 0 comments

Chinese carmaker Zhejiang Youngman Lotus Automobile has made a 3 billion crowns ($446 million) offer for bankrupt Swedish group Saab which has drawn a cool response from receivers, a source with knowledge of the situation said on Friday, Reuters reported ...

Daily Headline - global.abi.org - 02/05/2012 - 12:57 - 0 comments