F&I Management & Training

DETROIT -- General Motors has found no interested buyers for Saab, sources familiar with efforts to sell the Swedish brand say.GM put Saab under strategic review as part of the long-term viability plan submitted to Congress last month. In a subsequent interview with Automotive News, GM Vice Chairman Bob Lutz said strategic review is code for we realize they're not working and something needs to be done.GM has not announced a decision to sell the brand, but has quietly shopped it around, the source said. Corporations typically consider whether potential buyers exist for a business when conducting strategic reviews. The lack of interest makes Saab the second brand GM has been unable to shed as the global financial crisis curbs merger and acquisitions.

DATED: 09.01.09

FEED: ANE