Daily Auto News GM Still Hopes to Sell Saab








Daily Auto News

2009 Saab 9 3 Daily Auto News GM Still Hopes to Sell Saab

Despite what most have predicted, it may not be entirely over for Saab…yet. A deal to sell the General Motors brand to Swedish automaker Koenigsegg may have fallen through last week, but GM is still trying to sell. According to Autoblog, “The Swedish press is reporting that China’s Beijing Automotive (BAIC) and Wyoming-based merchant bank Merbanco have shown renewed interest in perennially cash-poor Saab.&rdquo.

Since the Swedish government won’t extend a bailout to Saab, another sale is the brand’s last and only chance for survival. “Even Swedish Enterprise Minister Maud Olofsson acknowledged that finding another buyer for Saab would be a race against time,” says Automobile Magazine.

Reuters predicts that “it would be difficult to complete a deal in the short term and it is unclear whether GM would keep funding Saab past the end of this year.”

If GM does decide to close the brand, the Saabs left on dealer lots may be all we’ll ever see. If you’re interested in a new Saab, you may want to act fast. Without new 2010s, Saab dealers are running out of cars to sell, and some are even closing up shop.

If you’re in the market for a new Saab, check out the U.S. News rankings of this year’s best cars, as well as this month’s best car deals.





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