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Hurry Up and Wait: Report says GM has no planned announcements regarding Saab

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Filed under: GM, Saab, Earnings/Financials

saab_250.jpgDon't expect General Motors Corp. to make any new announcements regarding Saab now or in the near future, according GM spokesman Chris Preuss. According to a report in Automotive News, Preuss added that no new Saab deals are imminent with any interested parties.

Speculation and rumor-mongering have been rampant as Saab suitors come and go. In November, the deal with Koenigsegg Group AB fell through at the last moment. Then there was China's Beijing Automotive Industry Holdings Co., but they stopped short and only acquired some of Saab's assets and intellectual properties. Most recently, there was word that niche automaker Spyker Cars NV had made a second offer on the brand, after losing its first bid.

[source: Automotive News, subs. req'd]

Hurry Up and Wait: Report says GM has no planned announcements regarding Saab originally appeared on Autoblog on Fri, 25 Dec 2009 19:14:00 EST. Please see our terms for use of feeds.

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