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Saab files for bankruptcy: the end of the Swedish saga

Saab has reached the end of the road - for the second time in two years, just before Christmas. Parent company Swedish Automobile today announced that Saab had filed for bankruptcy. Owner and acting CEO Victor Muller had been trying to sell Saab as a going concern and had come close to signing a deal with Chinese car makers Pang Da and Youngman, but the deal was blocked by former owner General Motors which feared its technology - powering the new 9-5, plenty of the 9-3 range and the 9-4X - would fall into opposition hands in China.

Webinars: Autodesk – Virtual Design Workflow in Automotive

The second complimentary Webinar from Autodesk, entitled ‘Virtual Design Workflow in Automotive', has taken place, led by Industry Specialist for Technical Surfacing/Styling Uwe Rossbacher. The design process in the automotive industry focused on virtual models/techniques along with physical 3D models. Each OEM tries to balance both processes in order to get the optimum in efficiency and styling quality.

Saab 1947-2009: GM 'will close Saab'

By Tim Pollard Motor Industry 18 December 2009 20:33 It's a sad day for Saabphiles, as GM announced – one week to the day before Christmas – that it has failed to find a buyer for Saab. It will begin winding down the Saab operation immediately. There had been a glimmer hope for Saab earlier this month, as supercar maker Spyker stepped in as a possible suitor after similarly small sports car specialist Koenigsegg walked away from a potential deal in November 2009.But GM admitted it could not viably sell Saab to Spyker – and no other bidders were forthcoming.