With Less Than $1m In The Bank, Saab Hits Up The Wall Street Loan Sharks

I know I’ve said this several times before, but the end really is near for Saab. The WSJ [sub] reports that Sweden’s Debt Enforcement Agency began auditing Saab’s finances after several debts came due earlier this week, and found only 5.1 Kroner ($796,291) in its Skandinaviska Enskilda Banken account. That’s barely enough to cover the [...]

Source: http://www.thetruthaboutcars.com/2011/08/with-less-than-1m-in-the-bank-saab-hits-up-the-wall-street-loan-sharks/

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