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December 1, 2009

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Home » Business » Auto

Last-Ditch Talks On Swedish Car Maker

OFFICIALS from Saab Automobile AB and the Swedish government traveled to Detroit yesterday in a final attempt to help General Motors Co find a solution for the troubled Swedish auto maker.

Saab spokeswoman Gunilla Gustavs said CEO Jan Ake Jonsson would meet with GM management and potential new buyers of Saab in Detroit yesterday. She declined to name the potential bidders or say how many there are.

GM's board is expected to discuss Saab's future in a meeting today, after Sweden's Koenigsegg Automotive AB last week dropped out of a deal to buy the brand.

Before Koenigsegg emerged as a buyer in June, GM had plans to let the storied brand go out of business, placing 4,500 jobs in jeopardy. Saab has been in a court-protected restructuring since February 20. No purchase price was ever disclosed.


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