Pursuits
Saab Automobile Breakup Looms on Chinese Cash Limit, GM’s Snub
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Saab Automobile’s assets may be broken up and sold to pay debt as the unprofitable Swedish company ends more than six decades of carmaking following a bankruptcy filing.
Saab Auto submitted the application at Vaenersborg District Court after a potential Chinese partner wasn’t able to provide funding while General Motors Co., a former owner, said it would block the proposed tie-up, parent company Swedish Automobile NV said today in a statement.