Saab Files for Court Protection - is that water going down the drain I hear?

Saab finally got to the point where the roof was going to cave in (economically) so they filed for court protection from creditors in Sweden - something akin to a bankruptcy reorganization filing sort of. It protects them from creditor collection efforts while they continue the effort to get their finances in order with more loan money from one source or another. Meanwhile, the Saab North America chief is publicly saying that is is optimistic about the company's survival.

With the filing, Saab corporate said that it "is seeking court approval for a voluntary reorganization to secure short-term stability while it waits for funding from Chinese investors Pang Da Automobile Trade Co. and Zhejiang Youngman Lotus Automobile Co." Read more:

Will Saab survive? Only time will tell. Saab quality is pretty good and their latest entry into the "cross-over" vehicle market got some good reviews in spite of availability difficulties.

But for now, buying a Saab (new or used) may not be smart.

Burdge Law Office
Because life's too short to drive a lemon.

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Known nationwide as a leading Lemon Law attorney, Ronald L. Burdge has represented literally thousands of consumers in "lemon" lawsuits and actively co-counsels and coaches other Consumer Law attorneys. From 2005 through 2018, attorney Ronald L. Burdge has been named as the only Lemon Law Ohio Super Lawyer by Law and Politics magazine and Thomson Reuters Corp., Professional Division. Burdge restricts his practice to Lemon Law and Consumer Law cases. The Ohio Super Lawyer results are published annually in the January issue of Cincinnati Magazine. Ronald L. Burdge was named Consumer Law Trial Lawyer of the Year 2004 by the National Association of Consumer Advocates, the nation's largest organization of consumer law private and government attorneys. "Your impact on the auto industry has been magnified many times over because of the trail you blazed for others," stated NACA's Executive Director, Will Ogburn. Burdge has represented thousands of consumers in Ohio, Kentucky and elsewhere since 1978 and is a frequent lecturer to national, state and local Bar Associations and Judicial organizations. Burdge is admitted to Ohio's state and federal courts, Kentucky's state courts, and Indiana's federal courts. Other court admissions are on a "pro hac" temporary, case by cases basis.