Sweden says private buyer only option for Saab

Newswire

STOCKHOLM, Nov 24 (Reuters) - Sweden effectively ruled out state aid for GM's [GM.UL] loss-making Saab unit on Tuesday after tiny luxury car firm Koenigsegg pulled out of a bid for one of the Nordic country's best-known automobile brands. "You can't, by state aid, keep a company ongoing, if you don't have any chance for a competitive company," Joran Hagglund, state secretary at Sweden's Industry Ministry, told reporters. "That can only be assured by a private owner who really is familiar ...

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