WRAPUP 1-Saab sale for GM collapses; buyer backs out

Newswire

* Koenigsegg says time in closing was critical factor * GM board to consider next steps on Tuesday-source * Wind-down likely, no other Saab bidders in sight-source By Kevin Krolicki and David Bailey DETROIT, Nov 24 (Reuters) - A deal by General Motors Co [GM.UL] to sell its Saab brand collapsed on Tuesday when the buyer pulled out in a move that threatens the Swedish luxury brand with closure. GM had been aiming to close a deal by the end of next month to sell Saab to a partnership ...

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