GM announces death of Saab
General Motors had an overbearing number of brands up until earlier this year, after spending the last few decades picking up random brands for no apparent reason. One of those brands was the Sweden-based Saab, maker of quirky unwanted cars that no one outside Sweden seems to want. GM itself underwent bankruptcy this year, got bought out by Obama’s government, and has been cutting down its portfolio. GM tried to sell Saab to Koenigsegg, then to the Chinese, and then to Spyker. After those talks failed, GM has announced that they are killing Saab.