Automaker General Motors Corp. said Tuesday that its Board of Directors received expressions of interest in Saab since the conclusion of negotiations with Koenigsegg Group AB. The Board will evaluate potential bids before the end of December.
''At that time, we will determine whether a suitable arrangement for Saab exists. If not, we will begin an orderly wind down of the global Saab business at that time, '' the company said in a statement.
The company further said that due to non-disclosure agreements, it would not confirm or comment on potential transactions or other matters unless, and until, it determines that disclosure is appropriate.
Last month, Swedish sports car maker Koenigsegg Group AB terminated the deal to buy GM's Swedish Saab brand.
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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.