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NEWS and REPORTS => World News => Topic started by: olaniyi001 on Dec 19, 2011, 05:55 PM

Title: Saab files for bankruptcy in Sweden
Post by: olaniyi001 on Dec 19, 2011, 05:55 PM
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.

Production has been suspended at Saab's main plant in Trollhattan, Sweden, since April as the company has struggled to pay its suppliers.





bbc