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.
Read full article >> Chico Harlan 19 Dec, 2011
--
Source: http://feeds.washingtonpost.com/click.phdo?i=5af62b1266085e901ef5bbb8fc77b58c
~
Manage subscription | Powered by rssforward.com