Video - Saab reaches the end of the road


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Saab reaches the end of the road

www.euronews.net The Dutch owner of Saab has filed for bankruptcy, ending a nine-month battle to rescue the struggling Swedish carmaker. That comes after Saab's former owner, General Motors, vetoed a rescue plan involving a Chinese investor. GM still licences key technology to Saab and has a small shareholding. Poor sales meant Saab ran out of money and could not pay suppliers. It has not made any cars since April.

euronews, corporate, Cars, Sweden

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Duration: 26 seconds
Author: Euronews
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