Saab has filed for bankruptcy in Sweden, which is likely to be a death knell for the storied automaker. But just because headquarters has filed doesn’t mean that Saab North America will follow suit.
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The Detroit News reports that Saab has hired Michigan firm McTevia & Associates to deal with creditors, and that there are no immediate plans to file for bankruptcy. Saab president Tim Colbeck reportedly acknowledged to DetNews that the company doesn’t have much hope of staying out of liquidation, but added the best chance for survival is a company purchasing Saab out of bankruptcy.
Full Story: Autoblog
