Please submit your e-mail address to get the latest news

Bankrupt Swedish automobile maker looks for relief in Turkey
  23.12.2011


Top executives from Saab Automobile, the Swedish car maker which announced bankruptcy yesterday, recently met with Turkey’s consulate general to Stockholm recently to discuss details about the company’s current position and future plans about Turkey.



 


“A mission, including Saab Chairman Victor Muller, have visited,” Zergün Korutürk, the consulate general, told the Hürriyet Daily News yesterday. “And we have passed the information to our Foreign Ministry.”
The Turkish government is urging local companies to start up projects to launch the country’s first nationally produced car. Turkish media has speculated that a Turkish firm or a consortium might buy out bankrupt Saab as a part of the Turkey-made car bid.

Saab filed for bankruptcy on Dec. 19, bringing to an end two years of efforts to rescue the iconic brand, which has been the hallmark of Swedish cars for six decades.

The final desperate attempts to raise funds in China were frustrated by Saab’s former owner General Motors which still holds key licenses. Saab’s owner Swedish Automobile said in a statement that “the company without further funding will be insolvent and filing bankruptcy is in the best interests of its creditors. The court approved the filing several hours later and appointed receivers for Saab.
  
  

Source : hurriyetdailynews.com
Hit : 658


Strategic Market Intelligence: General Insurance in Turkey – Key Trends and Opportunities to 2022
Africa a priority market for Turkish health care tourism
Turkish economy grows 4 percent in 2015
Turkey s new central bank chief signals simpler policy
Turkish inflation drops to 3 year low
Turkey s Central Bank cuts overnight lending rate
The 3rd edition of the XPRIMM Turkey Insurance Profile launched at the 7th International Istanbul Insurance Conference
Insurance contract may be made electronically
Agencies will not use insurance on their name
Fitch has announced Turkish insurance industry report
Turkey s Halkbank pension and insurance sale, sources say
Turkey launches new health data system
Turkey: Achieving a transition to a new economy
New Milan expo displays best of Turkish culture
Turkey s insurance sector strengthens as investor confidence grows
Turkeys insurance sector posts 6.4 pct growth
Turkish Halk insurance units privatisation tender details unveiled
Turkey´s economic star continues to shine
Turkey more than doubles exports in last decade
Ministry of Health offers services in six languages
Foreign investment in Turkey worth $10b in 2014
Incentives to boost birth rate to cost Turkey $400 mln
Fitch upgrades Turkey s growth forecasts
Turkish tourism yield on rise

 
Medasist International - Copyright 2005