Nightly News   |  December 19, 2011

Saab declares bankruptcy

Saab formally declared itself bankrupt Monday, blaming General Motors. NBC’s Brian Williams reports.

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This content comes from Closed Captioning that was broadcast along with this program.

>>> as there have always been saab people, perhaps there was a saab in your family or you knew somebody who drove one, there will be fewer of them. today saab formally declared itself bankrupt. they stopped making cars nine months ago. they have now given up hope or making a go of it. after making saabs for 64 years this is how it ends. one said china will buy up their equipment.