Spyker Cars NV is the only buyer under consideration for the Saab brand and is seeking to line up funding that will satisfy General Motors, a person with direct knowledge of the situation said.
Financing has been a main obstacle to a deal, said the person, who declined to be identified because the information isn't public. The proposal from Spyker, a Dutch sports car maker, had included a Russian partner that GM rejected, and Spyker was seeking to arrange financing that didn't include that partner, the person said. The person declined to be more specific about the Russian entity.
Spyker has been bidding for Saab after GM said last month it would wind down its money-losing Swedish brand after two decades of control.
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