Saab leaves $2 million debt

According to the Wall Street Journal:

STOCKHOLM—Bankrupt Swedish car maker Saab Automobile AB left behind debts of $2 billion backed by assets of just $500 million, which suggests creditors are unlikely to get much of their money back.

The official receivers in charge of liquidating the 61-year-old auto maker said on Tuesday that 11.3 billion kronor of the company's 13 billion kronor debt was held by Saab Automobile and the remainder held by subsidiaries Saab Automobile Tools and Saab Automobile Powertrain.

The company's combined assets amounted to 3.6 billion kronor, according to receivers Hans L. Bergqvist, a partner at law firm Delphi, and Anne-Marie.

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