8 :: Saab
Saab was never more than a niche brand in an industry dominated by very large players such as Ford and Chevrolet. GM decided to jettison the brand in late 2008, and the small company quickly became insolvent. Saab finally found a buyer in high-end car maker Spyker which took control of the company last year. Spyker quickly ran low on money. Only 32,000 Saabs were sold in 2010. Pang Da Automobile agreed to take an equity stake in the company. But the agreement is not binding, and with a potential of global sales which are still below 50,000 a year, Saab is no longer a financially viable brand.
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