Friday, January 27, 2012

For Bankrupt Saab, a Wrenching Farewell to Its Heritage

More than 100 Saabs, from the streamlined 1947 prototype known as the Ursaab to a 2010 9-5 sedan, are to be taken from their home at the company’s museum in Trollhattan, Sweden, and sold to the highest bidder.

As part of an effort to liquidate the assets of the Swedish automaker, whose parent company declared bankruptcy in December, Delphi, a Swedish law firm handling aspects of the bankruptcy process, is soliciting bids for specific cars or for the whole collection by Friday.

The auction comes during a tumultuous week for the brand. Several board members of Swedish Automobile, the automaker’s parent, announced on Wednesday that they were stepping down over disagreements about the company’s finances.

Read the rest of the article at the New York Times

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