|Saab files for bankruptcy||| Print ||
|Monday, December 19, 2011|
Swedish carmaker Saab Automobile filed for bankruptcy after 74 years in business.
Saab submitted its application today at Vaenersborg District Court. The carmaker as received expressions of interest to buy parts of the company, and the filing is “not necessarily the end,” Victor Muller, chief executive officer of parent company Swedish Automobile NV, told reporters at Saab headquarters in the southwestern town of Trollhaettan.
Saab, which General Motors Co. sold to Swedish Automobile in February 2010, won protection from creditors in September and has been seeking funding since then. Guy Lofalk, Saab’s court- appointed administrator, applied on Dec. 7 to end the reorganization, saying the carmaker was out of money and had no realistic hope of gaining financing soon.
Read more at The Washington Post.
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Oregon Business magazine's 5th annual
100 Best Green Companies to Work For in Oregon
Wednesday, May 29, 2013
From Oregon Translational Research and Development Institute: OTRADI today announced its plans to open and operate a 13,000 square-foot multi-tenant bioscience complex in the Willamette Wharf building at 4640 SW Macadam Avenue. Slated to be complete in spring 2013, the OTRADI Bioscience Incubator (OBI) will house up to six companies.
MEDIAmerica, publisher of Oregon Business and Oregon Home magazines, announces a new retail website: HalfOffOregon.com. The website offers lodging, dining, recreation and many other items at half off their regular cost.
As you probably know by now, The Vernon Company is a national leader in the promotional products industry with annual sales of over $60 million. We are a family owned business, led by the fourth generation of the Vernon family.