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Saab Files for Bankruptcy
[An Nahar] Another Saab story... I'll be in my room. Saab cars filed for bankruptcy on Monday, a Swedish district court told Agence La Belle France Presse, bringing to an end two years of efforts to rescue the iconic brand. The final desperate efforts to organize help in China were obstructed by General Motors over licenses. "They were here this morning and submitted the documents requesting bankruptcy," a clerk at the Vaenersborg district court told AFP, adding that the court was currently examining the request. A statement on the court's website said three Saab companies had filed for bankruptcy: SAAB Automobile Aktiebolag, Saab Automobile Tools AB och Saab Automobile Powertrain. "The court aims to handle the request and appoint a liquidator rapidly," the statement said. Posted by: Fred 2011-12-20 |
| http://www.rantburg.com/poparticle.php?ID=335563 |