GM has supposedly narrowed its negotiations two to possible parties interested in the Saab brand, according to Saab’s chief executive, Jan-Ake Jonsson. Jonsson says that the deal should be sealed within a maximum time frame of two weeks. Hopefully that is true because it’d be nice to start tying up all of the loose ends in the mess known as the global auto industry.
According to undisclosed sources (is anyone ever disclosed?), the two potential parties interested in Saab are Koenigsegg, a Swedish luxury carmaker, and U.S. financier Ira Rennert and his Renco Group.
Interesting news…but I just have to make some comments about Reuters, the source of this story. Why does Reuters have to refer to Saab as a “loss-making” brand? What the hell is that? Couldn’t the author just refer to Saab as Saab? I never liked Reuters, here’s another reason why. Thanks for the article guys.
Read the full article here.
Tags: Aero-X, bankruptcy, General Motors, GM, Koenigsegg, Renco Group, Saab
