This article briefly outlines the restructuring and insolvency procedures that Swedish car automotive business SAAB has been through since the 2008 downturn of the global economy. In particular it considers the company's first restructuring; the voluntary liquidation that SAAB was entered into; the company's second restructuring; and the bankruptcy process that SAAB is currently going through.

This article is part of the PLC multi-jurisdictional guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-mjg.