Saab Automobile has won an appeal in a Swedish court to get the go-ahead for bankruptcy protection proceedings.
The court of appeal overturned a decision earlier this month preventing it from doing so.
The court said its decision "reverses the district court ruling and allows Saab to reorganise".
Saab hopes bankruptcy protection will give it time to secure new funding promised from Chinese investors.
Two Swedish unions had applied for the company to be declared bankrupt, because it has been unable to pay wages.
An award-winning journalist and editor, with two decades of experience covering the motor retail industry, and accredited by the Institute of Leadership and Management (ILM) plus the National Council for the Training of Journalist (NCTJ)
As editor of AM since 2016, Tim is responsible for its media content, planning and production across AM's multiple channels, including the website, digital reports, webinars, social media and the editorial content of AM's events, Automotive Management Live and the AM Awards. His focus is on interviewing senior leaders of franchised dealer groups and motor manufacturer national sales companies to examine latest developments in UK motor retail.
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