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Bye bye Saab. Saab just filed for bankruptcy.


Guest vincemerz

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Jedi wrote:

i just switched over (last week) to my first MB after owning Saabs for the last 8 years.

Sad to let my Saabs go but happy to start a new chapter with MB.

Welcome Jedi,

Look out for our AMG night (sort of DnD)

Look forward ur joining

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Guest hkhamateur

Jedi wrote:

i just switched over (last week) to my first MB after owning Saabs for the last 8 years.

Sad to let my Saabs go but happy to start a new chapter with MB.

Welcome bro jedi. :becky:

I'm yoga. Nicz..seeg u here..Hm..I can sense happy...:shocked:

U'll enjoy yr ride sure bt e company of sgmerc wil b addictive n great! :welcome::peace:

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Guest blackknight

hkhamateur wrote:

Welcome bro jedi. :becky:

I'm yoga. Nicz..seeg u here..Hm..I can sense happy...:shocked:

U'll enjoy yr ride sure bt e company of sgmerc wil b addictive n great! :welcome::peace:

will chocs like yoga/?

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Guest desmondtoo

hkhamateur wrote:

Welcome bro jedi. :becky:

I'm yoga. Nicz..seeg u here..Hm..I can sense happy...:shocked:

U'll enjoy yr ride sure bt e company of sgmerc wil b addictive n great! :welcome::peace:

Bro, you mean 'Master Yoda' not 'yoga. :pound:

blackknight wrote:

will chocs like yoga/?

I sure Chocs like yoga or Yogurt...:becky:, but that green Jedi???:confused:

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Guest hkhamateur

Bro, you mean 'Master Yoda' not 'yoga. :pound:

Ya lor....stupid auto spellg! :doh:

Hm...me Master Yoda, I can sense fear...Hm...e dark side! :crutch:

I sure Chocs like yoga or Yogurt...:becky:, but that green Jedi???:confused:

No comment! Dare nt comment! :becky::whistle:

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Guest lightning

Saab granted bankruptcy protection

STOCKHOLM— The Associated Press

Published Wednesday, Sep. 21, 2011 7:26AM EDT

Last updated Wednesday, Sep. 21, 2011 7:57AM EDT

A Swedish appeals court on Wednesday approved cash-strapped car maker Saab's application for bankruptcy protection, buying the brand more time to receive desperately needed funding from Chinese investors.

The Court of Appeal for Western Sweden overturned a previous decision by a lower court, saying “a more thorough investigation can show that the prerequisites for a successful reconstruction exists.”

The Vanersborg District Court had rejected Saab's application two weeks ago, citing uncertainties regarding Saab's opportunities to raise funds.

Saab has struggled financially since General Motors Co. sold it in 2010 to the Netherlands-based company that is now called Swedish Automobile. Production at Saab's manufacturing plant has been suspended for most of the year while the company has struggled to pay suppliers and staff.

But chief executive officer Victor Muller insists he can turn the company around as soon as it receives cash injections from Chinese investors Zhejiang Youngman Lotus Automobile Co. and Pang Da Automobile Trade Co.

Chinese authorities have not yet approved those deals.

The ruling Wednesday allows Trollhattan-based Saab to reconstruct its operations while being protected from creditors, some of whom already have filed bankruptcy petitions against the auto maker. During the reconstruction process, which lasts three months but can be extended, the Swedish government will pay Saab workers salaries.

Maybe there is still a chance for SAAB...:bounce:

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zhan0237 wrote:

The new saab model seems quite nice......

mate... SAAB cars are nice... no doubt about it.. SAAB is under bankruptcy protection pending an injection of funds from Chinese manufacturers...and it makes no sense to buy a car where the warranty cover is possibly in doubt ...

However... a used car may be a good buy if u want a collector item...

Anyways.. understand you are a new member... welcome to sgmerc

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Guest hkhamateur

zhan0237 wrote:

Hi.im a new member also..where and how can I intro myself? Thx

Yo bro, welcome. :becky:

Guess! Surname Zhan n DOB 2307 or car plate 0237? :hand::bounce:

Anyway ya, u re in wrong thread. :whistle:

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