Swedish Buyer Drops Deal to Buy Saab

Automaker Saab files for bankruptcy
Saab Automobile filed for bankruptcy on Monday after attempts by Chinese investors to take over the loss-making brand were blocked by previous owner General Motors Co.

GM to sell Saab to Dutch carmaker Spyker
General Motors Co. said Tuesday it has reached an agreement to sell its struggling Saab Automobile arm to the small Dutch luxury carmaker Spyker Cars NV.

End of the Road: GM to Discontinue Saab
General Motors will shut down Saab after talks to sell the brand to a Dutch carmaker collapsed, marking the third time this year that a deal by GM to sell an unwanted brand has fallen through.

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