GM Blocking Sale of Saab to Chinese Automakers

The Detroit News - November 6, 2011

GM says it won’t sup­port the sale of Saab to two Chi­nese automak­ers, which could mean the end for the Swedish com­pa­ny. Accord­ing to GM spokesman Jim Cain, “Although Gen­er­al Motors is open to the con­tin­ued sup­ply of pow­er­trains and oth­er com­po­nents to Saab under appro­pri­ate terms and con­di­tions, GM will not agree to the con­tin­u­a­tion of the exist­ing tech­nol­o­gy licens­es or the con­tin­ued sup­ply of 9–4X vehi­cles to Saab fol­low­ing the pro­posed change in own­er­ship as it would not be in the best inter­ests of GM share­hold­ers.”

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