Automotive analyist Jay Nagley
Media playback is unsupported on your device

Saab bankruptcy likely 'in days'

The carmaker Saab's application for protection from its creditors to help it avoid being pushed into bankruptcy has been rejected by a Swedish court.

In response, Swedish trade unions said they could demand that Saab be declared bankrupt within days.

Chief executive Victor Muller insists the company is not dead yet - but Jay Nagley, Managing Director of Redspy told the BBC that it is difficult to see how Saab can climb back.

  • 08 Sep 2011