
It is sad news for the automotive world to learn of the demise of a company. Unfortunately, Monday December 19, will mark the end of the road for Swedish carmaker Saab – and this time it looks like it is final.
Earlier this morning, Swedish Automotive N.V. (Swan) announced that Saab Automobile, Saab Automobile Tools and Saab Powertrain filed for bankruptcy with the District Court in Vanersborg, Sweden.

Therefore, Swan concluded that, with GM vetoing any proposed plan until now, and without the essential funding, it would be insolvent. Thus, it was better for its creditors to file for bankruptcy.
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