Automaker Saab files for bankruptcy in Sweden after GM blocks financing deals with Chinese

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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Chico Harlan 19 Dec, 2011


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