Friday, July 8, 2011

Saab Unable to Pay Employee Wages, Tweets It

saab_logo.jpg

What better way to find out that there won't be food on your child's table than via tweet? This morning, Saab released a press release via this tweet, "Swedish Automobile N.V. announces that Saab Automobile AB will be unable to pay the wages to employees "

Saab blames their inability to find short term funding, but says that they are investigating way to secure the funds necessary to stay in business. But while they are working towards being a business, they don't want anyone to get too excited. "There can, however, be no assurance that these discussions will be successful or that the necessary funding will be obtained."

Goodnight, Saab. It was fun while it lasted.

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