Saab Automobile has finally threw white towel into the ring and declared itself bankrupt on Monday. The Swedish car maker stopped making cars since April due to lack of funds. The company forced to say good bye after the former owner GM blocked their last rescue plan by Chinese investor Zhejiang Youngman Lotus Automobile.
Saab is one remarkable car maker that well-known for its innovation, green technology, safety, and turbo-charging system in the automobile industry. The company was founded in 1937 and it has been always making notable cars for 64 …

As one of the most remarkable Swedish carmaker, Saab cars are well-known for its innovation, green technology, safety, and turbocharging in automobile industry.
Saab (Saab Automobile AB) is an acronym for Svenska Aeroplan AktieBolaget. It was founded in 1937. Over the decades, there is some Saab news flying around the world. The company acquired by General Motors (GM) in 1990 and was sold to Spyker Cars in 2010 after Saab bankruptcy in 2009.