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Economy

No Decision Again on Saab Sale

Published måndag 25 januari 2010 kl 18.17

Another confusing day has come in the constantly renewed negotiations to save the American-owned Swedish car company Saab - after General Motors has announced it planned to close the plant in Sweden.

Some news reports claimed that a final deal with the Dutch luxury car maker Spyker had been approved by the Americans, but no confirmation could be made other than negotiations continue.

Reports claimed that the Dutch increased their offer after having been rejected several times before – in a long line of bids coming from Sweden and other countries trying to buy the money-loosing Swedish plant.

In this drawn-out scenario, thousands of jobs at the plant in western Sweden and among deliverers of spare parts are in danger in what union leaders and local politicians call torture for the employees.

After another Swedish government meeting over the Saab crisis, nothing new was reported.

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