Automaker Saab files for bankruptcy in Sweden after GM blocks financing deals with Chinese
http://dervishcom.blogspot.com/2011/12/automaker-saab-files-for-bankruptcy-in.html
STOCKHOLM — 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.
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Source: http://feeds.washingtonpost.com/click.phdo?i=5af62b1266085e901ef5bbb8fc77b58c
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