General Motors Co.'s Saab unit received serious expressions of interest from potential buyers since Tuesday's collapse of an agreement to sell the Swedish car maker to Koenigsegg Group AB, the Wall Street Journal reported.
Saab has held talks since Tuesday with at least two U.S. investment firms, Wyoming-based Merbanco LLC. and Renco Group Inc. in New York, the paper said citing several people familiar with the matter. At least one of those firms would be open to working with Beijing Automotive Industry Holding Co., a Chinese company that had planned to partner with Koenigsegg.
The report said that General Motors' board will begin its regular monthly meeting Monday evening, and a decision on Saab's future could be made public by Tuesday. Saturn and Pontiac are slated for closure, while Hummer is in the process of being sold to a Chinese machinery maker.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.