Saab brand dead - official announcement
Saab brand dead - official announcement
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General Motors has issued an official announcement saying that it will gradually shut down Saab, following a breakdown in the negotiations with Spyker after "certain issues" arose in the deal.
A previous deal by Koenigsegg to buy up Saab feel apart in late November, and General Motors then reiterated that it will shut down the 72-year-old Swedish brand if it is not sold by end of 2009.
General Motors
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