By John Galt
December 19, 2011 – 08:00 ET
Even an ABBA song couldn’t save this victim of the great government seizure and collapse of General Motors as Saab filed for bankruptcy protection this morning per Reuters. This disaster was easy enough to predict when G.M. acquired Saab years ago and had no idea what or how to market their cars in the U.S. beyond the niche market of snotty yuppies. Unfortunately for those workers who are now permanently idled in Sweden, this is the swan song for another legendary car maker even if they never really caught on beyond the idea of a fad here in the states.