Saab wins bankruptcy court appeal decision

Troubled carmaker Saab will seek bankruptcy protection after winning a court appeal against a decision earlier this month preventing it from doing so.

The court of appeal said its decision "reverses the district court ruling and allows Saab to reorganise".

The carmaker has been trying unsuccessfully to get new funding to ensure the business's survival.

Saab bankruptcy likely 'in days'

The carmaker Saab's application for protection from its creditors to help it avoid being pushed into bankruptcy has been rejected by a Swedish court.

In response, Swedish trade unions said they could demand that Saab be declared bankrupt within days.

Saab had applied for protection while trying to secure additional funding.