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Cars Blog

Saab CEO in Detroit to meet new potential buyers

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November 30, 2009 9:14 am
By Peter C. T. Elsworth

Officials from Saab Automobile AB and the Swedish government traveled to Detroit Monday in a final attempt to help General Motors Co. find a solution for the troubled Swedish auto maker, according to The Associated Press.

Saab spokeswoman Gunilla Gustavs said CEO Jan Ake Jonsson would meet with GM management and potential new buyers of Saab in Detroit on Monday. She declined to name the potential bidders or say how many there are.

GM's board is expected to discuss Saab's future in a meeting Tuesday, after Sweden's Koenigsegg Automotive AB last week dropped out of a deal to buy the brand.

Before Koenigsegg emerged as a buyer in June, GM had plans to let the storied brand go out of business, placing 4,500 jobs in jeopardy. Saab has been in a court-protected restructuring since Feb. 20. No purchase price was ever disclosed.


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