GM finds no buyers for Saab

>> Friday, January 9, 2009

Since General Motors put Saab under strategic review late last year as part of its Congressionally-mandated plan to return to viability, it has been shopping for buyers. News from within the company today reveals that there has been no serious interest in the brand. A source within GM revealed the lack of buyers to Automotive News, noting that GM has failed to sell off its Hummer brand as well. The trouble in getting rid of the brands could be explained as simply as a symptom of the global economic situation, and especially the downtrodden auto industry - risk aversion and low cash reserves would keep almost all potentially interested buyers from making offers.

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