Deal off; GM to shut down Saab
Negotiations on selling brand to Dutch carmaker fall through
Posted: December 19, 2009 at 5:06 a.m.
Saab Managing Director Jan Ake Jonsson (from left), Deputy Prime Minister of Sweden Maud Olofsson and Undersecretary of State Joran Hagglund talk about GM’s decision Friday in Trollhattan, Sweden.
General Motors Co. said Friday that it will shut down Saab after talks to sell the brand to a Dutch carmaker collapsed, marking the third time this year that a deal by GM to sell an unwanted brand has fallen through.
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Business, Pages 33 on 12/19/2009
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