IMPORTANT NEWS: National Electric Vehicle Sweden has agreed to buy the assets of Saab Automobile and the sale is expected to be finalized during the summer.

Monday, December 5, 2011

General Motors: Still NO?

Updated with some new info that might suggest that GM is only commenting on the arrangement where the Chinese would buy all of Saab

According to Swedish Radio and TTELA, General Motors says that its decision has not changed.

"At present there is no change," James Cain, GM's spokesman said to Swedish Radio.

James Cain would not comment on what GM thinks about the new proposal sent to GM by Saab on Friday.

"As you can understand, we do not comment on speculations and rumors, but I can say as much as that we have not changed our minds, said James Cain.  

Update: As StefanH_STHLM has noted in the comments, some news reports (which I based this post on) have apparently missed this important piece of information from James Cain at GM reported in

"We have only responded to the arrangement which was based on 100-percent Chinese ownership. Any other arrangement has not been presented as far as I have seen," James Cain said.

Is there something that can make GM change its mind?

"All our decisions are based on what is the best for GM's shareholders. We assess everything that can be good for GM. It is however not only GM which has to approve. There are other parties like the authorities in China and the European Investment Bank.

Cain did confirm that the Swedish Ambassador to the USA has been in contact with GM, but would not say if that has had any impact.