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Then GM could never have become the owner of Saab Automobile. When Saab AB and Saab Automobile AB were split up all GM did was buy the rights to the automobile division, not a whole company. Now why Saab Automobile still has the "AB" on the end I don't know but I'll provide a little insight into what the "AB" represents.
Its the equivalent Swedish representation of a publicly traded company. Only "AB" also represents class of stocks. "A" stocks and "B" stocks. A stocks can only be held by citizens on Sweden while "B" stocks may be held by anybody. However the one caveat to this is that the "B" stocks may never out number the "A" stocks there by ensuring that ownership may never leave the country thereby also preventing the income generated by that company from leaving Sweden.
The US has nothing like this. Any publicly traded company started in the US has the potential to be bought and owned in full/partial by a foreign investor. While some of the US population may not like this it is part of the cost of trying to keep government regulation out of business. Just different ideas of how things should run.
So not back to my point. If Saab Automobile AB been its own individual company with its own stocks (and for this hypothetical lets say SAAB AB was the parent company owning 100% of stock [both A and B]) then GM could never have bought enough of the stock to have ever owned Saab in the first place. Now today if Saab Automobile were to become fully independent again and declare stocks for issue after this reorginization then it would be "A" stock and "B" stock and we'd sure as hell have to hope there were enough Saab enthusiast around the world, both Swedish citizens [A stock] and abroad [B stock] to provide the capital needed.
Thats just a little bit of my Advanced Accounting and Global Econ course material for you.
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