Sweden Rejects GM's Plea to Save Saab

Scott Benjamin

During a recent press conference held at the government headquarters in Stockholm, Sweden, Maud Olofsson, Sweden's Industry Minister, said that she is "deeply disappointed in General Motors" for requesting $570 million from the Swedish government to save GM's Saab brand.

According to John Neff of Autoblog, without the support of the Swedish government, Saab will be forced to file for bankruptcy protection in Sweden by the end of this month. Bad news for Saab, for sure -- especially in light of recent comments from (you guessed it) members of the Swedish government.

Louise Nordstrom of the Associated Press quoted Sweden's Industry Minister, Olofsson, as she spoke about General Motors, "They have in practice removed their hand from Saab ... instead they are handing over responsibility to Swedish taxpayers." Olofsson went on to say that GM's negotiators "realize that every country is facing trouble when so many jobs are being threatened. Then it's easy for them to hand over responsibility to different governments." Strong words from the Swedish government, GM's refusal to take full responsibility ... we'll simply have to wait to see how this one plays out over the next few weeks.

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