Saab Automobile is set to win a stay of execution from General Motors as the US carmaker closes in on a deal to sell its Swedish unit to Spyker Cars of the Netherlands.
Several people close to negotiations said a provisional agreement could come as soon as today, bringing a halt to preparations by GM to shut down one of Sweden's iconic brands.
It would also mark a step forward in GM's efforts to off-load non-core brands and would thrust Spyker, a niche maker of luxury sports cars, into the mainstream car industry.
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