Is Saab in its death throes? In the opinion of some web commentators, bankruptcy is inevitable but, if it does eventually go down, it won’t be without a fight.

The week began with Saab’s refusal to confirm yet another cash injection and moved swiftly on to unions considering whether or not to file a bankruptcy claim. Next, Saab filed for voluntary reorganisation – more or less Sweden’s version of protect-us-from-creditors US Chapter 11 – as the unions waited for the court decision and Saab chief Victor Muller ensured employees were in the loop. Muller also took time to praise the restraint of unions and patience of suppliers. He also explained the current position with would-be Saab investor, Russian businessman Vladimir Antonov.

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In the event, the Swedish court threw out the reorganisation request and it looked more likely several of the unions involved would file for Saab to be put into bankruptcy. In the meantime, the main union gave the automaker a weekend’s breathing space and there were strong hints that Saab would provide more details of future financing when it appeals the court decision. Whew!

Elsewhere, Honda announced a large recall involving electric window switches (mostly) and a few thousand manual transmissions, a certain R Lutz bubbled back up out of ‘retirement’, a British rental and leasing firm dismissed electric vehicles as too expensive, Toyota said it was ending Camry exports to the US and truckmaker Navistar said it was reconsidering manufacturing in Mexico due to rising crime.

Quite a week.

Have a nice weekend.

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