Saab is running out of road
Friday 21 October 2011
The administrator in charge of Saab's reorganisation said last night there is not enough cash to save the car maker, despite yesterday's promise of $70m (£45m) from the US fund North Street Capital.
Guy Lofalk told Reuters that he had applied to a Swedish court to end the process. Two Chinese investors were keen to buy Saab but failed to reach a deal.
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