Friday, December 05, 2008
GM could sell stake in Saab
General Motors is talking to potential investors who could take partial ownership in Saab.
Jan-Ake Jonsson, managing director of the Swedish brand, said GM and Saab are talking to several investors about putting money into the Swedish company. He did not say who Saab is talking to, but sources at Saab owner GM say other automakers and large engineering houses are among the interested parties.
We are looking for investors to get some external funding into some activities, such as accelerating product development, Jonsson told Automotive News Europe Wednesday.
GM announced a strategic review of Saab on December 2. GM's chief operating officer, Fritz Henderson, said the review includes a possible sale of the loss-making brand.
Jan-Ake Jonsson, managing director of the Swedish brand, said GM and Saab are talking to several investors about putting money into the Swedish company. He did not say who Saab is talking to, but sources at Saab owner GM say other automakers and large engineering houses are among the interested parties.
We are looking for investors to get some external funding into some activities, such as accelerating product development, Jonsson told Automotive News Europe Wednesday.
GM announced a strategic review of Saab on December 2. GM's chief operating officer, Fritz Henderson, said the review includes a possible sale of the loss-making brand.
DATED: 05.12.08
FEED: ANE
