Saab, the lossmaking Swedish carmaker, has filed for bankruptcy protection for the second time in less than three years after failing to raise the financing needed to resume production.
The carmaker and its engine and tools divisions filed for voluntary reorganisation in Vänersborg, Sweden, after concluding this would “entail the best
preconditions for using existing resources in the most efficient way”. The filing does not cover Saab’s North American or UK sales entities.
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