Report: GM and Saab Reach a Mexican Stand-Off Over Chinese Deal

When General Motors sold Saab to Spyker, company execs must have been somewhat relieved to get the brand out of their hands. However, GM didn’t cut its ties completely as it remains a shareholder and a major parts and technology supplier. Now this is proving to be a problem for both companies.

After receiving court protection from its creditors, Swedish Automobile N.V. agreed to sell 100% of Saab to Chinese partners Pang Da and Zeijiang Youngman Lotus Automobile, it had to get approval from its shareholders. General Motors, though, almost immediately raised concerns over the deal

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