Wednesday, December 02, 2009
SAAB wins temporary reprieve
GM said that due to the emergence of new potential buyers it would evaluate bids for carmaker Saab by the end of December.
GM said that if it did not find a "suitable arrangement" it would then "wind down" Saab.
A group led by Sweden's Koenigsegg Automotive dropped out of a possible takeover and this marked the third failed Saab sale this year.
About 4,500 jobs at Saab are at stake.
DATED: 02.12.09
FEED: ANE/BBC
