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GM seals deal on Saab unit sell-off

China Daily | Updated: 2009-08-19 08:05

The Swedish government is negotiating with Koenigsegg on a possible guarantee for a loan to Saab from the European Investment Fund. Bloomberg News

STOCKHOLM: Sweden's Koenigsegg and US-based General Motors said yesterday they had inked a deal for the niche sports car maker to buy loss-making Saab Automobile.

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