Saab Autos

GM Denies Problems in Finding Saab Buyers

Reports that Swedish car brand Saab has no interested buyers have been denied by its American owners General Motors.

A GM official said that it was ”Still early in the process and it’s going to take some time.”

Last Winter, as the financial crisis deepened , the Detroit car giant put Saab autos up for review as as part of a restrucuring plan put to congress in order to gain 13.4 billion dollars in loans.

Sales of Saab in the United states were down 34.7 percent last year compared to 2007.

Earlier, the Swedish government announced plans to provide up to 3.19 billion dollars in credit guarantees and emergency loans to Saab and Volvo, which Ford Motor Co. put up for sale last month in a bid to raise additional funds.

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