According to a source familiar with the matter, General Motors is preparing its Saab subsidiary to operate as its own separate business in hopes that the move will make the brand more attractive to potential buyers.
“Saab has been negotiating with GM and the Swedish government about becoming a more independent company, initially as part of GM,” the source said, reports Automotive News.
Insiders say that Saab will take control of its own finances and decision making. Selling Saab was a part of GM’s restructuring plan presented to Congress last month.
Saab spokesman Eric Geers declined to comment on the report but said that Saab has had “positive and constructive discussions with GM and the Swedish government about the future structure of the business.”