GM to begin wind down of Saab

Stockholm: GM says it has failed to sell its Swedish car brand Saab and will begin “an orderly wind-down of Saab operations”.

GM had been in talks with the Dutch speciality car maker Spyker over a sale. Talks with Sweden’s Koenigsegg also fell through earlier this year.

“We regret that we are not able to complete this transaction with Spyker Cars,” said GM Europe boss Nick Reilly.