Pursuits

Saab, Parmalat Charge, Max Bank, A-Tec Unit Bids: Bankruptcy

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Saab Automobile’s court-administered protection from creditors may end as soon as today, reviving a threat of insolvency for the cash-starved Swedish carmaker, a person familiar with the situation said.

Guy Lofalk, the court-appointed attorney overseeing the reorganization, may end the creditor-protection process unless the Trollhaettan, Sweden-based company receives a 70 million-euro ($95.6 million) bridge loan from China’s Zhejiang Youngman Lotus Automobile via Deutsche Bank AG, said the person, who declined to be identified as the plans aren’t public.