While details are unclear, it appears the officials will try to get GM to sell Saab to another bidder.
In an effort to save Saab, CEO Jan Ake Jonsson and several Swedish government officials have traveled to Detroit to lobby GM's board of management for an emergency rescue plan.
While details are unclear, it appears the officials will try to get GM to sell Saab to another bidder. Since Koenigsegg backed out of plans to buy Saab, reports have indicated several bidders (Beijing Automotive Industry Corp, private equity firm Renco, and investment company Merbanco) are still interested in the company.
At a China-European Union business summit, Beijing Automotive's general manager, Wang Dazong, said "I would just say, stay tuned a little bit." This likely means Koenigsegg's former partner is now considering purchasing Saab (or a large share of the company) by themselves.