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Saab expects June sell-off
- Tuesday, April 07 - 2009 at 10:39
Saab Automobile AB, which owner General Motors is trying to sell told a Swedish court that it has 20 interested parties and expects to be sold before the end of June. Saab had filed for bankruptcy protection in February and told the court it needed approximately $1bn in the near future in order to continue production and to be able to launch the new models it has developed. Saab did not identify any of the potential buyers.
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