Beverly Hills 12/31/2009 4:47:19 AM
News / Business

GM Gives Saab Late Reprieve, Extends Deadline for Saab Sale to Spyker

Finance World News Update by EQUITIES Magazine

General Motors agreed to extend the deadline for a potential buyer to raise funds required to purchase Saab, the Swedish auto brand.

 

Originally, GM demanded that Spkyer Cards conclude the deal by noon tomorrow. Now the auto giant is giving the company another week.

 

In the meantime, the future of the brand and 3,400 jobs remains uncertain.

 

 

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Since 1951, EQUITIES Magazine has been a leading media company providing business editorial content designed to serve the needs of business leaders, professionals, institutional investors and retail investors. We are focused on business and the business of making money, not on lifestyle subjects. We publish original reporting in print and on our website, as well as select content at www.nasdaq.com. For 28 years we have hosted our own branded investor conferences that connect public company CEO’s with our loyal readers in the investment community.

 

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