GM's Saab granted extension of creditor protection

Newswire

STOCKHOLM, May 29 (Reuters) - A local Swedish court on Friday granted General Motors' loss-making unit Saab a further extension of the period it is protected from creditors, giving it more time to restructure. The Swedish carmaker, which first sought protection from creditors in February, was granted an extension until August 20 of the reorganisation process during which it is to line up a new owner and restructure its business. "The business reorganisation of Saab Automobile Aktiebolag ...

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