GM's Board to Evaluate Potential Bids for Saab

By Michelle Krebs December 1, 2009

General Motors Board of Directors said Tuesday it has received "expressions of interest in Saab logo - 98.JPG Saab" and will evaluate those potential bids through the end of December.

"At that time, we will determine whether a suitable arrangement for Saab exists," GM said in a statement. "If not, we will begin an orderly wind down of the global Saab business at that time."

GM refused to name specific suitors.

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