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.
As editor, Tim is responsible for the media content, planning and production of AM's multiple channels (AM print and digital magazines, website, social media and contributing to our events planning). He interviews and writes about as many franchised dealer groups and UK divisions of motor manufacturers as possible, to explore the issues facing UK motor retail and understand what solutions dealers and suppliers are using to overcome these.
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