Saab Officially Done For, Liquidation Coming

The Saab 900 was their best selling model, with over 1 million sold.

The Saab 900 was their best selling model, with over 1 million sold. (wikipedia.org)

Saab was officially founded in 1937 with the express purpose of building aircraft for the Swedish Air Force as it became apparent that Europe would again fall into war.

And as World War II came to a close, the company looked for ways to diversify away from building weapons. Cars seemed a natural, and their first offering, the Saab 92, went into production in 1949.

The years that past never saw Saab outgrow its penchent for providing low-volume automobiles, despite selling more than a million Saab 900s.

Those years did see changes in ownership, and it seems fitting that former owner General Motors, which had announced its intentions to shutter the brand if they couldn’t sell it, dealt the company its final blow by refusing to allow a Chinese investor to purchase the company.

Even though GM had given up ownership of Saab, the two companies still had agreements concerning technologies – most of which were owned by GM. General Motors refused to allow Saab to transfer these technologies to a Chinese buyer, ending the company once and for all with the official filing of bankruptcy coming today, December 19, 2011.

While we’re certain that the name Saab may be purchased, we’d consider it nothing more than a pipe dream that the automaker itself will survive. They’ve essentially been out of business since March of this year, and the filing is for a complete liquidation.

So long, Saab. You provided an interesting 64 years of automotive history.


About Cecil Helton

Cecil Helton Cecil Helton is a U.S.-based writer and editor with passions for cars, motorcycles, boats, technology and social media. Much of his professional life since 1996 has been web-centric, and he’s written and developed content on a variety of subjects. His work in the houseboat industry received wide acclaim, such as winning the 1999 Cisco Systems Growing with Technology award and being named one of five finalists in the manufacturing sector of the 2000 Computerworld-Smithsonian Awards. As an Air Force brat, he spent much of his childhood in a two-year cycle of moving to a new place, making new friends, establishing a life, and then moving again. Destinations included: Kentucky, Illinois, Texas, the Greek isle of Crete, California and Ohio. Today you’ll find Cecil coping with his 15 year old son’s decision to pursue a motorcycle license at the same time he gets his driver’s license, being active across the web on multiple social media sites, and of course, writing articles and creating content on automotive and car insurance related topics right here at CarInsurance.org.


Facebook Comments