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News item about Saab's future
Posted by David in Michigan [Email] (more from David in Michigan) on Mon, 14 Dec 2009 05:50:16
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from Automotive News Europe, 12-14-09:
Saab says asset sale to Beijing Auto gives it cash for fresh start
Saab believes that a deal to sell some key assets to Beijing Automotive Industry Holdings Co. will help secure the money-losing automaker's future. "The money will finance the new Saab and contribute to a good start under new ownership," Saab spokeswoman Gunilla Gustavs said without revealing financial details. She added that Saab and its parent, General Motors Co., are working intensely to find a buyer for the Swedish automaker. "We're confident that a deal will get done," she said without elaborating on the talks.
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