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Uncertainty Continues for Saab

Published onsdag 27 maj 2009 kl 19.44

The future of the Swedish based car manufacturer Saab is still open Wednesday evening as its American owner General Motors was hit by another blow in its attempt to avoid bankruptcy. Bondholders in the company rejected a deal where they would write off the company's debts in exchange for shares in the troubled carmaker.

Meanwhile the Swedish government has confirmed that Fiat is one of the three companies interested in buying Saab from GM. Speaking to the Reuters news agency, Johanna Martin, spokeswoman for the Swedish Industry Minister, said that Fiat is in talks with the Swedish government about a possible buyout. Martin refused to say who the other two interested parties were, however.

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