Saab Subsidiary Resolves Bankruptcy Threat

This just in; only a few hours after it was made known that one of Saab’s suppliers submitted a bankruptcy petition against the automaker’s affiliate company Saab Automobile Tools, the Swedish firm issued a short statement saying that it has resolved the issue with Swepart verktyg AB.

Follow the jump to read the official statement from Saab's parent company Swedish Automobile N.V., formerly known as Spyker Cars N.V.

“Swedish Automobile N.V. confirms that Saab Automobile Tools AB reached agreement on payment terms with the supplier that filed for bankruptcy, thereby resolving the issue.”

Read more In Cars