On Thursday, the Supervisory Board met for a special meeting by video connection between the European GM headquarters and the Saab headquarters. According to media reports, the most important agenda was the resolution for an insolvency application. Quote: Saab Saab is one of the smallest car manufacturers in Europe with an annual production of 125,000 cars (2007). The company was founded in 1937 for the production of military aircraft. In 1990, the US company General Motors (GM) took over 50 percent of the shares as well as the operational management. Ten years later, the rest of the shares in the world’s largest car company at that time also went on. Up to a short phase in the 1990s, Saab always lost to the parent company. This is also why in 2005 Sweden had to pay a part of its share of the company’s capital. the planned production of new Saab models to the German GM subsidiary Opel in Rüsselsheim. As a result of the chronic losses and constant underutilization, the number of employees has fallen to 4000, of which 3700 at the main plant Trollhättan north of Gothenburg. GM officially sold Saab at the end of 2008, without ever finding any interested party.