Beverly Hills, CA 11/25/2009 1:16:06 AM
Saab Sell Falls Through for GM
Financial World News Update by Equities Magazine
General Motors Co. announced that a specialty Swedish car manufacturer, Koenigsegg Group AB, has ended a deal to purchase Saab from GM.
GM Chief executive Fritz Henderson has expressed disappointment in the decision and is in the process of developing a new plan of action.
The decision has caused GM to question the future of Saab after they already decided to sell of close by 2010.
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