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Saab goes seeking fesh suitors


Saab goes seeking fesh suitors


Top of the agenda at Tuesday’s board meeting at General Motors is what to do with Swedish carmaker Saab.

Saab, GM and the Swedish government are engaged in three-way talks in a bid to secure Saab’s future, with the Swedish State Secretary at the Enterprise Ministry Joeran Haegglund saying today talks were good and there was still hope for the company. But it is clear that GM wants to dispose of the niche maker of saloons and estate cars with a reputation for great safety and technological excellence, but at a price. Having already gone back on the sale of Opel, there is still a chance GM may hang onto the brand, but that may depend on Swedish government guarantees. For the moment Stockholm insists it will not be taking a stake in Saab, beyond offering a loan and public financing for research and development. One Swedish media report said there are four different expressions of interest in buying Saab currently on the table.

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