The final attempt to sell money-losing-jet-car-maker Saab has failed, says GM. The brand will be discontinued, which makes the country of Sweden really sad.

From Bloomberg:

“Despite the best efforts of all involved, it has become very clear that the due diligence required to complete this complex transaction could not be executed in a reasonable time,” GM Europe President Nick Reilly said in the statement. “In order to maintain operations, Saab needed a quick resolution.”

Saab’s closing will be “an orderly winddown,” he said, and “not a bankruptcy or forced liquidation process.”

GM to Close Saab After Ending Sale Talks With Spyker (Update2) [Bloomberg]