In a new blow that follows the positive news of a cash injection from a private equity firm, Saab’s administrator has decided to apply to terminate the reorganisation process.

This latest development brings beleaguered Saab closer to bankruptcy.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Saab says it will oppose the administrator’s application to terminate the voluntary reorganisation of Saab Automobile AB and two subsidiaries at the Swedish court in Vänersborg.

The administrator who leads the reorganisation, Mr Guy Lofalk, will file the termination application.

Saab said in a statement that it will ‘contest this application and request for continuation of the voluntary reorganisation process’.

Saab also said that it will apply at the court for replacement of Mr Lofalk as administrator.

See also: SWEDEN: Saab gets cash injection from private equity firm

Just Auto Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now