GM unit Saab files for bankruptcy protection

Discussion in 'Wall St. News' started by bond_trad3r, Feb 20, 2009.

  1. AP
    GM unit Saab files for bankruptcy protection
    Friday February 20, 4:15 am ET
    By Karl Ritter, Associated Press Writer
    GM-owned Saab to be spun off as independent company, files for protection from creditors

    STOCKHOLM (AP) -- Automaker Saab filed for bankruptcy protection Friday and has applied to be spun off from its parent company General Motors, officials said.

    An application to reorganize the Swedish-based unit was filed at a district court in Vanersborg, in southwestern Sweden, Saab spokeswoman Margareta Hogstrom said.
  2. moarla


    who needs SAAB...
  3. [​IMG]

    If you drive this car, you're now a loser.
  4. "Born From DEBTS"