Bankruptcy, Saab | featured news

(Image from article: "Saab 'May Face Bankruptcy in 14 Days'")

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Spyker sues GM for $3 billion over Saab bankruptcy

Dutch sportscar maker Spyker is suing General Motors for $3 billion on behalf of its subsidiary Saab, accusing the U.S. automaker of deliberately bankrupting the Swedish group by blocking a deal with a Chinese investor.

Saab 'May Face Bankruptcy in 14 Days'

Swedish car maker Saab Automobile must pay its workers within 14 days to avoid bankruptcy, the general counsel at labor union Unionen said after the cash-starved company failed to pay employees on time.

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