Saab’s future will be on the agenda of meetings that will take place this week after Koenigsegg Automotive AB withdrew its bid to buy the financially-distressed General Motors Co. brand. Saab CEO Jan Ake Jonsson and officials from the Swedish government are in Detroit to meet with GM management and potential new buyers.

A GM board meeting is scheduled on Tuesday to decide Saab’s fate. Reports have come out about bids coming in for Saab, including Koenigsegg’s partner Beijing Automotive Industry Holding Corp., U.S. private equity firm Renco Group Inc. and the U.S. investment company Merbanco Inc. At a China-European Union business summit, reporters chanced upon Beijing Auto’s general manager Wang Dazong who said that BAIC might still have an interest to buy Saab. Saab spokeswoman Gunilla Gustavs confirms Jonsson’s meetings with GM management and prospective new buyers. Also in Detroit is Joran Hagglund, a senior official at Sweden’s Ministry of Enterprise, who traveled together with Swedish government representatives to talk with GM about government aid for the ailing brand.

[via autonews]

Tags: car news, Saab, saab fate, saab news

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