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Saab compelled to return his freedom

After the decision to abandon GM Saab and the Swedish government's refusal to grant aid, the Swedish firm announces that it has filed an application for reorganization of the brand to become an independent company.

A spokesman for Saab, Margareta Hogstrom has specified that the request was presented Friday a court Vanersborg, in southern Sweden.

On Wednesday, the American giant General Motors announced 47,000 job cuts worldwide, or nearly a fifth of its staff. He also specified that Saab could bankrupt at the end of the month and asked the support of Stockholm. However, GM had added that he was working on a plan that would allow Saab to resume its independence by January 2010 while releasing GM's financial vis-a-vis the Swedish manufacturer responsibilities.

Saab compelled to return his freedom picture #1

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