STOCKHOLM, Nov 25 (Reuters) - The future of Sweden's Saab Automobile looks bleak after tiny luxury car maker Koenigsegg, backed by China's BAIC, pulled out of a deal to buy the loss-making firm from General Motors [GM.UL]. Saab never made money for its U.S. parent, which bought a 50 percent stake in 1990 and completed the purchase a decade later. Sales of the brand have nose-dived and GM, which itself emerged from bankruptcy in July, had said it would sever its ties with the Swedish firm ...
Premium Content (PAID Subscription Required)
"SCENARIOS-What could happen to GM's Saab Automobile?" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.