[BITList] saab bankrupt

[x50type at cox.net]

will many mourn outside Sweden?
[weren’t there Russian interests?]
ct

BY CHRISTINA ZANDER

Saab Automobile, the Swedish auto maker which filed for bankruptcy Monday after a desperate three-year fight for survival, will be missed as a once-innovative manufacturer of turbo-charged cars.

The company's demise, barring a last-gasp salvage of Saab's operating assets as they are liquidated, underscores how tough it is for niche auto makers to survive in the increasingly competitive global industry when development and manufacturing costs are so high. Marrying originality with mass production has proved too difficult for Saab's different owners.
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