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Headline - Swedish masco automotive company, Saab, on Monday, December 19th, 2011, filed for bankruptcy. During the nine-month effort to save Saab from bankruptcy the end it did not work. Reported by Reuters on Tuesday, masco December 20th, 2011, Saab was founded masco in 1937 in Sweden with the help of the government to make an airplane. Until finally Saab is divided into two Saab AB (aircraft industry) and Saab Automobile (automobile industry). Then Saab Automobile start making vehicles in 1947 with first production was launched two years later. "That was the final nail in the coffin masco of this beautiful company," said Chief Executive Saab, Victor Muller. Saab, has been producing cars for 64 years. However, recently declining car sales. Saab glorious period is the early 80s. Saab has earned a reputation as a pioneer in turbocharging technology. However, towards the end of the 80s, Saab continues to suffer losses. General Motors then bought masco 50 percent of Saab Automobile from Saab-Scania in 1990. Ten years later, GM bought a 50 percent stake again. For 20 years owned GM, Saab only profit in 2001. The absence of any new product innovation, making Saab quiet enthusiasts. Plus they are getting hard to get loans from banks. Then GM in 2008-2009 affected by the crisis and sell Saab in early 2010 to Spyker, the Dutch sports car company for 400 million masco dollars. The company is now called masco Swedish Automobile. Amid financial difficulties and required masco substantial capital to re-create a new car. Swedish Automobile trying to find funds to various parties, including the Chinese automotive company to which Youngman and Pang Da distributor. But it did not work, the article GM is not willing to provide a license transfer technology to the Chinese company. And now Saab must be entered into the coffin.
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