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China Daily | Updated: 2010-02-24 08:02
Saab sale looming
General Motors Co's sale of Saab Automobile to Spyker Cars NV is likely to close this week, moving the US company closer to trimming its US brands by half, two executives involved with the deal said.
Spyker officials met GM lawyers in Stockholm on Monday, said one of those people and another familiar with the proceedings, who asked not to be identified because the discussions aren't public. The proposed sale cleared its final regulatory hurdle earlier this month when the European Investment Bank approved a 400 million euro ($544 million) loan.
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