According to a press release quoted in Dow Jones Newswires, Stefan Lofven, head of Swedish trade union IF Metall, the board of Saab has voted today to liquidate the company. Simultaneously, General Motors has announced that it has hired AlixPartners to supervise the "orderly wind-down" of the marque.
When Cash for Clunkers Version 1.0 hit the ground running like Hussein Bolt in the 400 meter relay, the U.S. government was caught a little flat-footed by the sheer volume of demand. As a result, after only a few days after C4C was started, the government was looking to shut down the program, and dealer ad dollars were twisting in the wind. Customers were confused, too, as many were unsure if the incentives were still available.