Bankruptcy looks to be end of the road for Saab

[Gunreference1]

Bankruptcy looks to be end of the road for Saab

The Swedish automaker is expected to be liquidated, ending a two-year effort to revive the business after it was spun off by General Motors.

By Jerry Hirsch, Los Angeles Times
December 19, 2011, 4:27 p.m.

Saab no more.

Saab Automobile, the quirky Swedish automaker that liked to advertise its heritage as a fighter jet producer, filed for bankruptcy Monday, ending a two-year effort to revive the business after it was spun off by General Motors Co.

"Some enthusiasts in the U.S. will lament its end," said Aaron Bragman, an analyst with IHS Automotive. "Back in the 1970s and 1980s it was an innovative brand with some unusual power trains. They did turbocharging of small engines long before others did. The cars also had all-weather, good-handling capability."

To read the rest of the story click the link below.

http://www.latimes.com/business/auto...,1845199.story

Steve

[Warthogg]

Wonder if the Chinese or India will buy the tooling and name.


Wart

[imanaknut]

So sad. I told many friends that GM buying SAAB was the mark of death for them.

Saabs might have been considered odd at the time, but they were ahead of their time and were built like tanks. I had the privilege of rallying a 99 a long time ago, quite a rewarding experience.

Too bad nobody is stepping up to revive them even as just a specialty car line, but these days the idea of low rate production is impossible due to too many regulations required because people believe that cars should protect them from themselves.

[stinker]

Shall i pick the low lying fruit about what their executives are probably doing about losing their juicy paychecks?

whimper whimper saab


Cpt.Obvious strikes again