GM confirms other parties interested in Saab, will wind down brand if no agreement is reached

In a short statement release earlier today, General Motors Company said that its Board of Directors has “received expressions of interest in Saab since the conclusion of negotiations with Koenigsegg Group AB.”

“The Board will evaluate potential bids between now and the end of December,” GM said in a statement. “At that time, we will determine whether a suitable arrangement for Saab exists. If not, we will begin an orderly wind down of the global Saab business at that time.”

GM did not disclose where the potential “interest” was coming from.

“Due to non-disclosure agreements, we will not confirm or comment on any potential transactions or other matters unless, and until, we determine that disclosure is appropriate.”

– By: Omar Rana