Tuesday, December 20, 2011

SAAB finally files for Bankruptcy

[ via Mail Online ] 20 Dec

The once motoring giant SAAB has filed for bankruptcy today after former owner General Motors blocked moves by the ailing Swedish car company to secure funding from potential Chinese investors. 

A cash crisis saw Saab suspend production in March after it failed to pay suppliers. It has only occasionally restarted assembly lines since then.

Read Mail Online for more.


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