General Motors Corp. says it has 16 buyers interested in purchasing its Saturn brand, while three parties are interested in the Swedish Saab brand.
Company CFO Ray Young told reporters and industry analysts on a conference call that GM is continuing to pursue manufacturing agreements with a new Saturn buyer.
Bridge loan discussions with the Swedish government are progressing, Young said.
He and CEO Fritz Henderson are hosting the call.
Earlier, GM had said it has a tentative deal to sell its Hummer brand. Young said the company is not prepared to identify the buyer because both sides are still working through sale documents.
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