Saab Automobile applies for new administrator
Saab Automobile and its current administrator, Guy Lofalk, have applied to have a new administrator oversee the restructuring of the troubled Swedish car maker, after Lofalk last week moved to abandon the reorganization attempts.
Saab, a unit of General Motors has filed for protection from its creditors after GM announced plans to do away with the brand by 2010 and the Swedish government politely declined to take it over.