SAAB filed for bankruptcy

Swedish carmaker “Saab”, initiated bankruptcy proceedings after the last failed attempt to survive in the market, when the former owner of “General Motors” blocked rescue deal with Chinese company to investors.

Officials “Saab” today filed bankruptcy documents. The current owner of the “Saab”, “Svidiš car”, which is 2010. Bought the company from “General Motors”, said that without new investment company will be insolvent and that bankruptcy is in the best interests of its creditors.


“General Motors,” which bought 50 percent of the property “Saab” in 1989. Completely and then acquired the property in 2000, and still owns some technology licenses buffet car and does not want them to belong to Chinese competitors.

Leave a Reply