UPDATE 1-GM's Saab given more time to restructure


* Reorganisation can proceed until Aug. 20 * Koenigsegg, U.S. financier frontrunners -report (Adds spokeswoman, background) STOCKHOLM, May 29 (Reuters) - A local Swedish court on Friday granted General Motors' loss-making unit Saab a further extension to its protection from creditors, giving it more time to restructure. The Swedish carmaker, which first sought protection from creditors in February, was granted an extension until Aug. 20 allowing it to line up a new owner and ...

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