In amongst the last-minute Christmas shopping and preparing for the holiday festivities, we received some sad news in the automotive industry. We’re sure you’ve heard by now, but last week Swedish Automobile AB, filed for bankruptcy in a Swedish court.
This announcement by the parent owner of Saab came after General Motors Co. refused to allow a bailout sale to two Chinese companies. For Saab who has not been able to pay any bills since March or its employees since August, this is a tough way to go out.
The big questions out there about this announcement include: