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Car Industry

Reinfeldt Keeps Cool Over SAAB

Published tisdag 24 februari 2009 kl 13.22
SAAB Production Line

Swedish Prime Minister Fredrik Reinfeldt says that General Motors have to rethink their strategy when it comes to their ownership of Swedish car manufacturer SAAB.

He says it’s their responsibilty as current owners to find a new buyer, not to set a date for when they want to sell off the company, without trying to find someone to take over.

Reinfeldt added that his unwillingness to meet GM’s demands isn’t due to a lack of patriotism or that he doesn’t like SAAB cars, but rather that he doesn’t see why the Swedish taxpayers should bail out a loss-making company.

Only if General Motors find a new owner for Saab, and carries out a reorganisation of the company would the government consider giving loan guarantees, Reinfeldt added.

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