Saab head says five possible buyers identified
General Motors said it will end ownership of the brand on January 1, 2010. GM bought 50% of the company in 1990 for about $700 million, and paid another $125 million for the balance in 2000. With sales down 35% in 2008 (and a loss of $340 million during the period), Saab's market price is expected to be a basement bargain.
[Source: Automotive News, subs. req'd | Photo by FABRICE COFFRINI/AFP/Getty]
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