Sad news from Trollhättan,
the NY Times reports:
The owner of Saab Automobile finally threw in the towel Monday, filing for bankruptcy after hopes of a life-saving investment from Chinese investors collapsed in the face of opposition from General Motors.
This creates a dilemma for those of us who feel a professional obligation to uphold the stereotype of the Swedish-car driving college professor, but believe we are too cool for Volvos.
The Economist's "Schumpeter" column gave a the brand
a nice (though slightly premautre) obituary in September. It is still possible someone will buy the company whole in bankruptcy and restart it, but most reports suggest liquidation is more likely.
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