Saab In Serious Trouble As Sweden Refuse To Support
Thursday, 5. March 2009
Car maker Saab, owned by struggling US manufacturer General Motors has filed for bankruptcy protection in Sweden whilst they look for a new parent. The Swedish government refused to match the $420 million investment that was offered by GM in order to turn the company around. GM would only provide the money if the Swedish government matched it. As the government was not prepared to risk tax payers Read more »