Involuntary Chapter 11 Case Filed Against Saab Cars North America, Inc.
On January 30, 2011, a group of Saab Dealers signed on to an Involuntary Chapter 11 petition against Saab Cars North America, Inc. Most of the petitioning creditors list unreimbursed warranty obligations. Late last year, Saab Automobile AB, Saab Automobile Tools AB, and Saab Powertrain AB filed for bankruptcy in Sweden. At the time, according to a letter from Tim Colbeck, President and COO of Saab Cars North America, Inc. (“SCNA”), SCNA had sought to pursue an out of court solution for its North American operations. The case has been assigned case number 12-10344.
