Rachel Bodine graduated from college with a BA in English. She has since worked as a Feature Writer in the insurance industry and gained a deep knowledge of state and countrywide insurance laws and rates. Her research and writing focus on helping readers understand their insurance coverage and how to find savings. Her expert advice on insurance has been featured on sites like PhotoEnforced, All...

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Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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Reviewed by Jeffrey Johnson
Insurance Lawyer

UPDATED: Jan 19, 2021

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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.