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Wednesday, 7 December 2011

No support in changes to the proposed Saab-China deal by GM

Saabmotors
According to General Motors it will continue to oppose the sale of its former Saab unit to Chinese investors despite revisions offered in recent days.

"We have reviewed Saab's proposed changes regarding the sale of the company," the automaker said in a statement today. "Nothing in the proposal changes GM's position. We are unable to support the transaction."Automobile News

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