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Saab Searches for Buyer

Published tisdag 3 mars 2009 kl 17.27

If Saab Automobile is not successful in its restructuring, the company will be bankrupt. This was the message from General Motors on Tuesday afternoon.

According to the CEO of General Motors Europe, the company doesn’t want to abandon Saab but has no choice.

General Motors also stated that it will be the Saab management team that conducts the search for a buyer, with General Motors only serving as support. Saab CEO Jan Åke Jonsson is pleased with this decision and told News Agency TT that he believed it would give Saab more influence in the process.

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