Saab bids Farväl because of bankruptcy filing

2011 Saab 9-5

So, guess this marks the end of Saab...

Numerous attempts to save the troubled Swedish car maker, especially with help from Chinese carmaker Youngman, have gone dodo and this means trouble. And if by trouble, Swedish Automotive N.V. announced that Saab Automobile, Saab Automobile Tools, and Saab Powertrain filed for bankruptcy with the District Court in Vanersborg, Sweden.

Scoop: http://carscoop.blogspot.com/2011/12/saab-files-for-bankruptcy-after-all.html

Verdict: After all, after years of survival for this Swedish brand, it's sad to say that Saab is dead. Bankrupt...

Now what will exactly happened to the new generation Saab 9-5? Guess it would go to waste...

Also bidding farewell is an utterly old company that claimed to be "Old GM", that is, Motors Liquidation Co. After being their for a record-breaking 103 years, it seems that the death of the Old GM, thanks to U.S. Bankruptcy Judge Robert Gerbert. Seems that splitting the two GM companies had caused a major toll on the company and yes, the "New GM" is somewhat an exact opposite. The "New GM" did better than the Old GM and yes, it was too pity about the Old GM's death.

Scoop: http://carscoop.blogspot.com/2011/12/company-formerly-known-as-old-gm-is.html