Taps playing for Saab - Is this the end?

Saab, which has been consistently generating losses year after year, is in a desperate bid for survival. Saab has recently applied for credit protection, so it can reorganize, and become independent from its owner GM. Saab will look for new funding from both private and public sources.

Sabb vehicle sales for 2008 was down 25% from its 2007 sales numbers of 125,000 vehicles sold. Saab will be presenting a reorganization plan to its creditors in the next few weeks. Born from jets...... but sinking like a ship.....