Saab goes bust

Saab Automobile President and Chairman Victor Muller speaks to media Monday in Trollhattan, Sweden, after the company filed for bankruptcy.

STOCKHOLM – After six decades of building cars renowned for their teardrop designs and quirky features, cash-strapped Saab Automobile gave up its desperate struggle for a lifeline Monday and filed for bankruptcy.

Saab CEO Victor Muller said “the last nail in the coffin” was previous owner General Motors Co.’s rejection of a Chinese company’s attempts to gain control of the ailing Swedish brand. Muller personally handed over the bankruptcy petition to a Swedish court, which approved it late Monday.

My dad was a Chevy guy, I married a Ford man but I’ve never been able to tell a Honda from a Hyundai. Have you ever owned a Saab?