GM's to Shut Down Saab Auto

Which is distinct from the aviation company, having been sold off to GM some years ago. It appears that the GM and bidder, Danish company Spyker, could not close the deal, and so it will be shut down.

I'm not sure what queered the potential deal, but I think that GM's turnabout on Opel may make any potential investor leery of attempting to buy a brand from them.

After all, the "try to sell a division, take state aid to facilitate that sale, and then turn around and not sell and keep the aid," 2-step does not make negotiating partners confident.

It's a pity. It was something different in the auto industry.