News - National
GM to shut down Saab after deal talks collapse
Posted: Dec 18, 2009 7:29 AM by Associated Press
General Motors Co. will wind down Saab after talks to sell the brand to Dutch carmaker Spyker Cars collapsed.
GM said issues arose during the sale talks that could not be resolved. GM also said it will continue to honor Saab customer warranties.
GM previously tried to sell the brand to Koenigsegg Group AB, but the Swedish carmaker withdrew from the talks last month.
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