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Troubled car maker Saab files for bankruptcy

Troubled Swedish car maker Saab has filed for bankruptcy after failing to secure fresh funds from potential Chinese investors.

General Motors (GM), which owns part of Saab, did not want Chinese car makers accessing technology licences.

Production has been suspended at Saab's main plant in Trollhattan, Sweden, since April as the company has struggled to pay its suppliers.

Workers have complained that they have not been paid since last month.

Brian Milligan reports.

  • 19 Dec 2011
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