The future of Saab was thrown into doubt yesterday after a consortium led by Sweden's Koenigsegg had pulled out of talks to buy the premium car brand from General Motors.
Fritz Henderson, GM chief executive, said the company was “disappointed” by the niche supercar maker's decision, and that GM would advise on its further plans for Saab next week.
The deal's collapse marks the second failure by GM in less than two months to sell a lossmaking brand to outside investors. Last month, Penske Automotive Group, the US dealership chain, abandoned a deal to acquire its Saturn brand because of doubts about securing a long-term supply of vehicles.
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