Saab denied bankruptcy protection

Spyker Cars Saab factory in Trollhattan western Sweden Wednesday Sep. 07, 2011. The owner of cash-strapped car maker Saab filed for bankruptcy protection on Wednesday in a last-ditch attempt to salvage a brand crippled by production stoppages, withheld salary payments and mounting debt. (AP Photo/Bjorn Larsson Rosvall / SCANPIX)  SWEDEN OUTTroubled automaker Saab, known for its quirky, rounded cars, moved closer to financial collapse Thursday after a Swedish court rejected its request for bankruptcy protection.



msnbc.com: Autos

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