2 replies to this topic

[Chad]

Quote

Dec 19, 5:35 AM EST

Automaker Saab files for bankruptcy in Sweden

By MALIN RISING
Associated Press

STOCKHOLM (AP) -- Saab Automobile filed for bankruptcy Monday after attempts by Chinese investors to take over the loss-making brand were blocked by previous owner General Motors Co.

Saab CEO Victor Muller personally handed in the bankruptcy application to a court in southwestern Sweden, ending his two-year struggle to revive the more than six-decades-old car maker, known for its rounded sedans and quirky design features.

Full Article

I had completely forgotten that Saab existed.

Edited by Chad, 19 December 2011 - 12:10 PM.
One lonely double space. It was a real eyesore.

[Dave]

It's sad because this is the one automobile company that had the aerospace pedigree to make an aircar.

[malfouka]

Personally, this is very, very sad. Saab was the pretty much the last of the alternative automobile manufacturers.