F&I Management & Training

General Motors boss Rick Wagoner has warned that the company's Saab subsidiary could close if a buyer cannot be found. Mr Wagoner said: "All options are on the table. We've had interest from buyers but we need to drive a resolution on Saab as fast as we can." Vice president Bob Lutz added: "Saab is a luxury we can no longer afford." A decision on up-for-sale Saab's future could be part of cash-strapped GM's restructuring plans that have to be presented to the US government before March 31. If GM fail to convince the government that they are viable, they risk losing a £12 billion cash bailout without which the car firm would be forced into bankruptcy.

DATED: 20.01.09

FEED: AW