Saab Museum Seized By Swedish Enforcement Office

[William Maley]

Saab Museum Seized By Swedish Enforcement Office

William Maley - Editor/Reporter - CheersandGears.com

September 23, 2011

Saab has escaped bankruptcy for the time being but not without a few bumps and scratches. This week, the Swedish Enforcement Office (Kronofogden) seized Saab's museum in Trollhättan. The museum includes, 109 Saab vehicles including their first car, 13 exhibits, 22 engines and six workshop tools.

The SEO was forced to start the collection process against Saab back in late August when the company couldn't pay its suppliers in time. The SEO was likely to begin selling off parts of the museum to help pay debts until Saab got court protection. Saab reportedly owes $31 million to it's suppliers.

Currently, the museum is safe for now.

But that doesn't mean the museum is long for this world. The SEO could begin selling off parts if Saab doesn’t successfully complete its reorganization.

Source: goteborgdaily.se

[loki]

sad day for saab lovers if the protection is let go of. great day for suppliers as long as they don't get screwed...either way.

[Sixty8panther]

I'm no SAAB nerd, and I couldn't really care less but this IS sad in terms

of being another sign of just how screwed up the economic situation is

all over the world.

[A Horse With No Name]

Totally agree with you on how screwed up the Economic situation is....

[daves87rs]

Yikes!