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Originally Posted by Bloomburg News
Saab Automobile filed for bankruptcy, bringing the Swedish carmaker to the brink of shutting for good after failing to find investors to rescue the 74-year-old company.
Saab submitted its application today at Vaenersborg District Court. The carmaker has received expressions of interest to buy parts of the company, and the filing is “not necessarily the end,” Victor Muller, chief executive officer of parent company Swedish Automobile NV, told reporters at Saab headquarters in the southwestern town of Trollhaettan.
Saab, which General Motors Co. (GM) sold to Swedish Automobile in February 2010, won protection from creditors in September and has
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No way. Really? Troll Hatin'? That's awesome and completely appropriate.