Is the global motor industry's petrol tank half full or half empty? The view from Trollhattan is certainly gloomy. General Motors' announcement yesterday that its Swedish subsidiary, Saab, will be subject to an "orderly wind-down" is conformation that, for the industry's weak players, the recovery has come too late. GM has been looking for an investor in Saab since January. The company said that the wind-down meant that outstanding debts and warranties would be honoured, and that spare parts and...
Full Story: The Independent
