Saab No More
Posted by William C Montgomery
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Even Swedish Automobile N.V.’s improbably optimistic press office has given in. After General Motors rejected the latest deal between Youngman Lotus and Saab Automobile, the Saab board “subsequently decided that the company without further funding will be insolvent and that filing bankruptcy is in the best interests of its creditors,” says its Monday morning press [...]
Filed in Motor Trend
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