GM decides to sell what’s left of Saab as a unit

By Incorrect Author 14 December 2009

General Motors is now seeking to sell its Swedish Saab as a unit, rather than in bits and pieces, with Dutch maker of sports cars, Spyker Cars, taking pole position among potential buyers. Spyker, which manufactures top-priced sports cars costing $235,000 a pop, is in confidential talks with GM in Zurich. Bloomberg says GM has reached a separate preliminary deal to sell some technologies from Saab to Beijing Automotive Industry Holding. Any sale of Saab will depend on EU approval of a $585 million loan from the European Investment Bank. But it’s still a long road back to health for both GM and Saab, as their images have been seriously tarnished. Read more: Business Week

Gallery

While we have your attention...

An increasingly rare commodity, quality independent journalism costs money - though not nearly as much as its absence.

Every article, every day, is our contribution to Defending Truth in South Africa. If you would like to join us on this mission, you could do much worse than support Daily Maverick's quest by becoming a Maverick Insider.

Click here to become a Maverick Insider and get a closer look at the Truth.


Constitutional Court ruling

Personal, home-based consumption of cannabis is decriminalised

By Nkateko Mabasa