Saab Auto Left $2 Billion in Debts
STOCKHOLM—Bankrupt Swedish car maker Saab Automobile AB left behind debts of $2 billion backed by assets of just $500 million, which suggests creditors are unlikely to get much of their money back.
The official receivers in charge of liquidating the 61-year-old auto maker said on Tuesday that 11.3 billion kronor of the company's 13 billion kronor debt was held by Saab Automobile and the remainder held by subsidiaries Saab Automobile...