Menu
Business

Saab troubles 'stem from Swedish parent company'

CAR company Saab's Australian distributor has been taken over by administrators.

The Melbourne-based company, which employed six staff and currently has 10 cars for sale, reportedly owes about $2 millon to creditors.

According to the ABC, partner Stuart McCallum said the troubles stemmed from the bankruptcy of the Saab cars' Swedish parent company.

A creditors meeting is expected to take place this week.

Topics:  bankrupt saab


Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Grabowsky reinvents Lior on stage

Israeli- born, Australian musician Lior.

Musicians are coming to the Northern Rivers

Enova energises local power at Expo

Lismore Heights Primary School kids were excited to be photographed with Mike Haydon and some of Lismore's solar powered and electric vehicles in lead up to Enova Energy Expo at City Hall.

Enova energises local power at Expo

Need to Eat The Street and be safe in the street

Need to Eat The Street and be safe in the street

Local Partners