http://www.guardian.co.uk/business/2009/dec/18/gm-shuts-saab
Swedish carmaker Saab is to be shut down by General Motors after the collapse of a last-ditch attempt to sell it to Dutch sports car manufacturer Spyker.
GM announced today that with "regret" it was starting an orderly wind-down of 62-year-old Saab's operations. The marque, which grew out of an aircraft manufacturer shortly after the war, employs 3,400 people in Sweden and sold 93,000 cars in 2008, but has struggled to turn a profit.