In best example of Asian fusion since PF Chang’s, Geely Automobile has denied a rumor that it was looking to purchase Saab, because it already has its hands full with another Swedish automaker: Volvo.
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Today, Swedish automaker Saab finally called it quits after a months-long struggle to stay solvent and—more importantly—stay relevant.
In a follow-up to Saab’s financial troubles, a Swedish court in Vanersborg has denied the company the benefit of bankruptcy protection.
Being completely honest, for the past three months we’ve been sitting on an obituary we wrote up for Saab.