- Dec 11, 2008
Sweden approves auto aid for Volvo, Saab
The new aid package for Saab and Volvo comes literally hours after the U.S. House of Representatives passed an Auto Rescue/Bailout Bill for U.S. automakers. Testifying in front of Congress, both GM and Ford recently promised to pare down and focus on their core brands, which do not include Sweden's two native automakers. While their sale is being pursued by both U.S. automakers, aid from Sweden should should keep their doors open and lessen their burden on GM and Ford. Thanks for the tip, everyone!