Saab, the Swedish automaker, filed for reorganization on Friday, a form of bankruptcy protection, as it was cut loose by General Motors as a result of GM’s restructuring plan efforts.

But in the hours after the filing, it was unclear whether the Swedish government would support the company, with government officials seeming to rule out financial assistance as part of what Saab said would be a three-month process of retrenchment. On Wednesday, the Swedish government already rejected GM’s request for aid for Saab.

Creditors to Saab include suppliers BASF AG, Continental AG, Autoliv Inc., as well as SEB AB, Sweden抯 second-largest bank.

Saab on the road to independence

Three new models ready to be launched over the next 18 months

Saab aims to bring resources back to Sweden

Funding sought for new indepentand Saab

According to Saab’s press release on Friday, they “explored and will continue to explore all available options for funding and/or selling Saab. According to Jan Ake Jonsson, Managing Director for Saab Automobile, “it was determined a formal reorganization would be the best way to create a truly independent entity that is ready for investment,” The company aims to find funding during the reorganization process from both public and private sources.

Saab will continue their daily operations as usual.

G.M. acquired a majority of Saab in 1990 and bought up the rest a decade later. But the company has been dogged by losses, despite widespread acclaim for its products.

Saab Web site press release. Image by Wikipedia