Saab Story-files for bankruptcy - Dec. 19, 2011
Business • December 2011 • Views: 1,053
NEW YORK (CNNMoney) — Swedish automaker Saab has filed for bankruptcy after months of struggle to stay alive. Saab’s owners have turned the company’s assets over to a Swedish court-appointed receiver.
General Motors (GM, Fortune 500), Saab’s former owner, had objected to a recently proposed deal under which the company would have been sold to Chinese investors including carmaker Zhejiang Youngman Lotus Automobile.