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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.