Göteborgs-Posten, June 17 2009

Can Sweden's Saab be saved?

Published on 17 June 2009
Göteborgs-Posten, June 17 2009

After several months of talks, General Motors on June 16 announced the sale of Swedish auto manufacturer Saab. But “will that be enough to save Saab?” wonders the Göteborgs-Posten on its front page. Because the buyer, Swedish luxury-carmaker Koenigsegg, doesn’t really seem equal to the task: its workforce of a mere 45 personnel turn out 45 automobiles a year, whereas Saab has over 4,000 people on the payroll producing upwards of 100,000 vehicles p.a. Which leads the Swedish daily wonder, despite €600 million in aid from the European Investment Bank, “Who can save the financing of Saab?”

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