At this stage the Saab saga has taken more twists and turns than an omnibus edition of Eastenders (not that we watch it), but it is not over yet. The latest news is that Saab GB, the distributor of Saab cars and parts in the UK, has voluntarily entered administration.

The move follows months of negotiations and a long period of suspended production at parent company Saab Automobile N.V. and has been done to give the company and its creditors the necessary legal protection until it has secured the required funding.

Saab Automobile received an offer of €100 million euros (£88m) from Chinese investors Pang Da and Youngman for the purchase of the company but recent wranglings with former owners General Motors mean the deal has yet to be finalised.

Paul Healy - 29 Nov 2011