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GM to sell or close Saab by March?
General Motors has apparently set a March deadline to have a final decision made on its struggling Saab unit. The Detroit-based automaker announced that it intends to perform a strategic review on the Swedish brand - which could include a sale or closure - as a part of its bid for low-interest loans from the United States government.
With the loans now secured pending further review in March, GM is forced to make a decision about Saab.
GM’s marketing chief, Mark LaNeve, has said that GM will announce “significant developments” in the sale of both Saab and Hummer by March, but a report from Børsen, a Danish news source, says that those developments mean that GM has given Saab three months to be sold - or it faces closure - according to Eric Geers, Global Communications Officer for Saab Automobile AB in Sweden.
for more CLICK HERE
GM to sell or close Saab by March?
General Motors has apparently set a March deadline to have a final decision made on its struggling Saab unit. The Detroit-based automaker announced that it intends to perform a strategic review on the Swedish brand - which could include a sale or closure - as a part of its bid for low-interest loans from the United States government.
With the loans now secured pending further review in March, GM is forced to make a decision about Saab.
GM’s marketing chief, Mark LaNeve, has said that GM will announce “significant developments” in the sale of both Saab and Hummer by March, but a report from Børsen, a Danish news source, says that those developments mean that GM has given Saab three months to be sold - or it faces closure - according to Eric Geers, Global Communications Officer for Saab Automobile AB in Sweden.
for more CLICK HERE