auto company sales gm saab

After buying Saab for $650 million in 2000 and investing countless additional millions to make it profitable, GM wound up unloading it ten years later for $74 million to the Netherlands' Spyker Cars. A boutique manufacturer with no experience managing even a small automaker, Spyker struggled to launch a new 9-3 sedan and the 9-4x crossover vehicle, and Saab collapsed into bankruptcy a year later.

Bottom Line

Spyker shopped Saab widely to Chinese buyers, but GM blocked a sale by announcing it would not continue its licenses to patents and technology. Most of Saab's working parts have now been sold to a Chinese electric car manufacturer.

  @FortuneMagazine - Last updated September 11 2012 12:05 PM ET
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