SAAB should be here nearly soon due to the same soLe agent for V.W in egypt is a deaLer for Spyker Cars TOO !!

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• Swedish Automobile's chief executive Victor Muller gives a press conference in Trollhattan, …
• Enlarge PhotoSaab Automobile filed for bankruptcy with a Swedish court, bringing to an end two …

Saab Automobile filed for bankruptcy with a Swedish court on Monday, bringing to an end two years of efforts to rescue the iconic brand which has been the hallmark of Swedish cars for six decades.
The final desperate attempts to raise funds in China were obstructed by Saab's former owner General Motors over licences.
Saab officials "were here this morning and submitted the documents requesting bankruptcy," a clerk at the Vaenersborg district court told AFP, adding that the court was currently examining the request.
Saab's owner Swedish Automobile said in a statement that "the company without further funding will be insolvent and that filing bankruptcy is in the best interests of its creditors."
"It is expected that the court will approve of the filing and appoint receivers for Saab Automobile very shortly."
Swedish Automobile's charismatic chief executive Victor Muller had been due to appear before the court on Monday as judges had been scheduled to decide whether to lift or prolong the three-month bankruptcy protection Saab had been placed under while it was attempting to negotiate a deal to rescue the company.
Muller had been struggling to clinch an agreement in recent months with two Chinese groups, carmaker Youngman and car distribution company Pang Da.
But General Motors has repeatedly said it would refuse to agree to the necessary technology licence transfers to the Chinese firms, and Pang Da pulled out of the negotiations a few weeks ago.
GM owns the rights to Saab's models 9-3, 9-5 and 9-4X.
As recently as this weekend, GM reiterated its opposition to any deal with a Chinese suitor, a statement seen as a death knell for Saab.
"Each proposal results either directly or indirectly in the transfer of control and/or ownership of the company in a manner that would be detrimental to GM and its shareholders. As such, GM cannot support any of these proposed alternatives," GM spokesman James Cain said.
Swedish Automobile said Youngman pulled out of the talks following Cain's remarks.
The attempts to sell Saab to Chinese partners were seen as the last chance of saving the carmaker, which was already on the brink of bankruptcy when GM sold it to Swedish Automobile -- at the time called Spyker -- in early 2010 for $400 million (308 million euros).
It has been a rocky road since then.
Saab -- which began life in 1937 as an aircraft manufacturer, something which became evident in the aerodynamic, sporty shape of its first concept car designs -- was forced to halt production in April as suppliers stopped deliveries over mountains of unpaid bills.
Its funds ran out and Saab's some 3,700 employees did not receive their November paychecks.
The company's employees and union officials were dejected after the news of the bankruptcy filing.
"It's so sad," Ulf Drufva, who has worked at Saab's Trollhaettan plant for 39 years and served as a union representative for four years, told Swedish news agency TT.
He said GM's blocking of the Chinese deal was "strange."
He commented: "It's as if GM sees Saab as a threat. And I can't understand that, as small as we are."
The head of the IF Metall union, Stefan Loefven, said bankruptcy was a tragedy for the employees and voiced hope that a buyer would turn up who could save Saab.
"A scenario where the company is divided up is much worse and a lot more jobs risk being lost," he told TT.
And the head of Trollhaettan's city council, Paul Aakerlund, who was formerly the head union representative of Saab's branch of IF Metall, said there was still hope for the town's carmaking future.
"I know there are parties who want to buy all of Saab and run the business in Trollhaettan," he said.
But others were less optimistic.
"I would be very surprised if anyone wanted to take over Saab," Lars Holmqvist, the chief executive of the European Association of Automotive Suppliers, told TT.
Saab built its first prototype cars in 1947 with the first production version rolling off the assembly line two years later.

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