SAAB's Fate Will Have To Wait Until Next Week For A Final Decision

General Motors said it could decide next week to close its Saab Automobile unit after the Swedish company that planned to buy the brand backed out.

It was the third time in less than two months that a sale of a G.M. brand has been called off, reflecting the difficulty of selling underperforming divisions in the midst of a global sales slump.

G.M. said on Tuesday that its board planned to determine next week what to do with Saab. Closing the brand, as G.M. initially planned to do if it could not find a buyer, is a strong possibility, two people with direct knowledge of the company’s plans said. The people spoke on condition of anonymity because the board had not made its decision.


2011 BMW 5-Series Photo Gallery

The most comprehensive Lexus GX460 and GX470 Photo Gallery anywhere!

2010 Lexus LS Sport and Hybrid Photo Gallery

2010 BMW 7-Series M-Sport Photo Gallery

2009 SEMA AUTO SHOW Photo Gallery Now LIVE!

AutoSpies.com Photo Galleries

If you want to see your photos running on our homepage photo ticker, be sure to upload your photos on the go by sending them to Mobile@AutoSpies.com

Share on Facebook

Read Article

ThierryHenry14 - 11/25/2009 8:59:04 AM

+2 Boost

Karma in the works for GM and unfortunately, SAAB is the victim

TheDepressingTruth - 11/25/2009 6:08:03 PM

+1 Boost

Where are the Chinese when you REALLY need them?

91z4me - 11/26/2009 9:02:14 PM

+1 Boost

Being smart and letting SAAB die. SAAB has next to no US presence and that is something the Chinese auto business will be after soon.

TheDepressingTruth - 11/26/2009 8:43:01 PM

+1 Boost

The NATURAL partner for SAAB would be Subaru...Using SAAB as the "Up Market Brand"...Won't happen