Bankruptcy Law News
11/25/2009 10:01:44 AM EST
Saab likely to close as GM fails to sell car brand
DETROIT – (AP) A deal for General Motors Co. to sell Saab to a specialty carmaker has collapsed, leaving the storied Swedish brand born from jets in 1947 close to extinction.
Koenigsegg Group AB, a consortium formed by Swedish luxury sports car maker Koenigsegg Automotive AB, said Tuesday it pulled out of the deal … Full version (available to lexis.com subscribers) Create an account or login to post comments.