Saab Automobile AB today files for bankruptcy protection after the Swedish government turned down requests from parent General Motors Corp. seeking financial support for the troubled auto maker. As part of a restructuring plan submitted to the U.S. government this week, GM said it would sever ties with Saab but hoped the auto maker could become a stand-alone entity. GM bought 50% of Saab in 1990 and the remaining 50% in 2000. Saab’s application for protection from creditors was ...
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