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: http://www.autonews.com/apps/pbcs.dll/article?AID=/20110907/COPY01/309079907/1491#ixzz1XIpLZKav
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.