Saab files for bankruptcy in Sweden

[dbt]

Source: BBC

Troubled Swedish carmaker Saab has filed for bankruptcy after failing to secure fresh funds from potential Chinese investors.

General Motors (GM), which owns part of Saab, did not want Chinese carmakers accessing technology licences. <snip>

Saab had been in takeover talks with several Chinese companies, including Zhejiang Youngman Lotus Automobile.

The Swedish carmaker said the breakdown of these talks - following the intervention of GM - left it will (with?) little option but to file for bankruptcy.


Read more: http://www.bbc.co.uk/news/business-16242115

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Article notes that workers have complained of not being paid since last month.

[Bryn]

1. Ouch! I really like Saab

Chinese carmakers? Good grief! We get about everything made in China now.

[PatrynXX]

4. thats bad

one of my uncles is the lead mechanic in Colorado for Saab. He's the go to guy.

[Hardrada]

2. The Saab Story

Soon to be a depressing Swedish flick. I'm sorry.

[countryjake]

3. kick

.

[snooper2]

5. I don't think it's necessary to kick threads anymore

:rofl:

[countryjake]

6. Just getting dbt's useful posts up above your garbage...

or don't you care about actual current events?

[snooper2]

7. Don't really care about Saab junk, but will kick again for ya

:P

[countryjake]

8. But do you care about auto workers?

:think: