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GM has not changed its stance on the Saab – Chinese business
Monday, 05 December 2011
It looks like GM would prefer to see Saab automobile go under rather than to involve the Chinese in the business.  Latest information from General Motors according to various Swedish news sources say that the company maintain it stance not to allow china to dig into a secret found in the Saab technology.
Company spokesman, James Cain according to Swedish media said that “There are numerous rumours and speculations around which we can not comment. But nothing has happened that has made it that we’ve changed our position”.

GM is thus maintaining its Statement of November 7 that it did not agree to transfer technology licenses of the current Saab models to a new Saab automobile that will involve the Chinese. It was in response to plans that Youngman and Pang Da would take over one hundred percent ownership of Saab.

GM owns the rights to the 9-3, 9-5 and 9-4 X and does not want to see these Saab models end up entirely in Chinese hands.
“We have only responded to the approach that was based on one hundred percent Chinese ownership. Any other concrete structure has not been presented what in what I have seen,” says James Cain.

Asked if there is anything that can get GM to change his mind – he said that “all our decisions are based on what is best for GM's shareholders. We evaluate everything that can be good for GM.”

GM is not the only party to approve. There are several other parties such as authorities in China and the European Investment Bank.
He confirmed that the Swedish ambassador in the U.S. have contacted GM, but would not say whether it had any impact.
By Scancomark.se Team

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