Saab troubles 'stem from Swedish parent company'

CAR company Saab's Australian distributor has been taken over by administrators.

The Melbourne-based company, which employed six staff and currently has 10 cars for sale, reportedly owes about $2 millon to creditors.

According to the ABC, partner Stuart McCallum said the troubles stemmed from the bankruptcy of the Saab cars' Swedish parent company.

A creditors meeting is expected to take place this week.



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