General Motors Co. said Tuesday it will not support the latest proposed deal to sell its former Swedish unit Saab to a Chinese consortium. "We have reviewed Saab's proposed changes regarding the sale of the company. Nothing in the proposal changes GM's position. We are unable to support the transaction," GM spokesman Jim Cain said.
The latest announcement may mean the end of the struggling Swedish luxury automaker. GM licenses the technology Saab uses to produce several key models.
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