About Saab 9-5
When General Motors faced bankruptcy in 2009 and was forced to shed half its eight U.S. brands, Sweden-based Saab – acquired by GM years ago – was one that had to go. When early efforts to sell the company failed, it entered the Swedish version of Chapter 11 bankruptcy, suspended operations and went into liquidation. But then tiny Dutch exotic sports-car maker Spyker stepped in and bought the proud "Born from Jets" brand and all its assets, with financing from the Swedish government and European investment banks. Saab then resumed operations as an independent automaker with its own design, engineering and state-of-the-art manufacturing, and is again building mid-size 9-3 models while ramping up production of this larger all-new 9-5 luxury sedan.