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| Europe |
| Saab Files for Bankruptcy |
| 2011-12-20 |
| [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 |
| #6 green is badanov. Check the color codes on pg 1 |
| Posted by: Frank G 2011-12-20 20:30 |
| #5 Another Saab story... I'll be in my room. LOL! But yes Fred, you should go to your room. Our daughter bought an old Saab and seems to like it. So far no Saab story. |
| Posted by: JohnQC 2011-12-20 17:10 |
| #4 My '97 900S still turns heads and runs great. My only negativeissue is a cable not hydralic clutch - usefull only for mercilessly working out leg muscles. |
| Posted by: borgboy 2011-12-20 14:47 |
| #3 Guess the UAW wasn't getting their cut. |
| Posted by: P2Kontheroad 2011-12-20 10:40 |
| #2 GM ruined a number of brands. They certainly ruined Saab. |
| Posted by: Steve White 2011-12-20 08:01 |
| #1 Maybe 2 car companies for the price of one minus the screwed up unions that bankrupted them. |
| Posted by: newc 2011-12-20 01:03 |