Saab is independent again for the first time in 20 years.
SAAB FACES LIFE AFTER GM SPLIT.
SAAB has been cut free from cash-strapped General Motors and is again an independent entity for the first time in 20 years but the question is, can it survive without a business partner?
General Motors split from its Swedish subsidiary as part of its restructuring and Saab is now faced with the prospect of either going it alone, which is unlikely, or teaming up with another car maker to reduce costs.
It has secured protection from its creditors under the Swedish equivalent of a Chapter 11 agreement which at least gives it breathing space.
Here Jan Ake Jonsson, Managing Director of Saab Automobile, talks about the challenges and opportunities that lie ahead.