(Source:  NYT via Jalopnik.com)

Saab, GM’s meatball-of-a-badge, officially filed for bankruptcy protection today in Sweden. Remaining to be seen is what role, if any, GM will have with the born-from-jets brand.  

Here’s what the NYT has to say:

Unmoored from its parent, Saab went to a Swedish court for protection from its creditors, and said the company would – with assistance from the Swedish government – reorganize to pave the way for private investors to buy all or part of the company.

“We explored and will continue to explore all available options for funding and/or selling Saab, and it was determined a formal reorganization would be the best way to create a truly independent entity that is ready for investment,” the managing director of Saab, Jan-Ake Jonsson, said in a statement.