Wednesday, December 21, 2011
SAAB Automobile Declares Bankruptcy
Saab Automobile, is not sharing any good news with everyone throughout the nation as the company will voluntary declare bankruptcy which happens on Monday, 19th December 2011.
That's not all, the warranty that covers all its vehicle in North America has been suspended and the suspension came into effect with the same day the company declare bankruptcy and it was also approved by swedish court. The GM of the company will try to cover the warranties of the vehicle that sold to the other countries.
Is it a good news or a bad news to all the SAAB Automobile enthusiast. To me, there's not a good thing when a Automotive maker has to shut down or close down its own business as it might affect a lot of people. Hope it is the right move for SAAB on doing such decision.