UPDATE 1-Sweden says private buyer only option for Saab

Newswire

* Sweden says will not own auto assets * Says Saab must find another buyer * Says can help with loan guarantees, rescue loan (Adds further ministry comment) By Nick Vinocur STOCKHOLM, Nov 24 (Reuters) - Sweden effectively ruled out a state bailout of 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 ...

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