Saab has been given a financial lifeline as the Swedish government has signed off on plans which will allow the company to sell their real estate holdings to Russian investor Vladimir Antonov.

Saab has been given a financial lifeline as the Swedish government has signed off on plans which will allow the company to sell their real estate holdings - offices and production facilities - to Russian investor Vladimir Antonov who will lease them back to the troubled automaker.

While this is clearly an unorthodox move, the decision is expected to free up nearly 30 million euros (43 million USD) which is desperately needed as the beleaguered brand has been forced to stop production due to payment disputes with suppliers.

Despite allowing Saab to sell property to Antonov, the Swedish Debt Office is still holding off on a decision as to whether or not Antonov can become a shareholder in the company. The government said any such move would also have to be approved by GM and the European Investment Bank.

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