Saab, the loss-making Swedish carmaker, has filed for bankruptcy protection for the second time in less than three years after failing to raise the financing needed to resume production. The carmaker and its engine and tools divisions filed for voluntary reorganisation in Vänersborg, Sweden, after concluding this would “entail the best preconditions for using existing resources in the most efficient way”. Saab last entered administration in February 2009 after General Motors, its owner at the time was itself preparing to file for bankruptcy protection in the US. – (Copyright The Financial Times Limited 2011)