5 Most Popular Brands That Disappeared Over Time

By siliconindia | Tuesday, 17 December 2013, 13:00 Hrs

4. Saab

Saab is a European car maker that became popular in America during 1980s and 1990s. But from 2000s the brands demand slowly started declining. General Motors which had already acquired half of Saab saw this as an advantage and decided to take over the complete company in 2000. As the company realized that it cannot take the pressure anymore from its competitors, Saab announced to its suppliers and workers that it could no longer afford to pay them and were closing down shortly.

5. Wachovia

Wachovia is a financial institution that is based in U.S. In fact, Wachovia was the fourth-largest bank holding company in terms of their total assets. Wachovia provided a broad range of banking, asset management, wealth management, and corporate and investment banking products and services.

In 2011, the company faced serious trouble in terms of financial and housing. Due to Wachovia’s overaggressive practices, most of the lenders plummeted.