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. http://biz.yahoo.com/ap/090220/eu_sweden_saab.html