VANERSBORG, Sweden, Dec. 19 (UPI) -- Saab Automobile's parent company in Sweden has filed papers to liquidate the company, which has run out of funding options, court papers say.
In papers filed in a Vanersborg, Sweden, court, Swedish Automobile said it "does not expect to realize any value from its shares in Saab Automobile … and will write off its interest in Saab Automobile completely," The New York Times reported Monday.