The demise of SAAB at the hands of GM

So SAAB are no more.
After 60+ years of quirky, clever cars they have been forced to shut up shop. Despite valiant efforts from Spyker the company has simply run out of money. Suppliers are not shipping parts because they haven’t been paid and the workforce are likewise unpaid. It’s all very sad.

GM bought SAAB some years back and integrated a lot their engineering. Larger SAABs were running in Opel floor pans for example. Now GM are refusing to licence this technology to prospective Chinese buyers because they’re worried a Chinese SAAB would eat into their far east market share.

The FT