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GM will close down SAAB after talks failure with Spyker


GM announced today that it will close down Saab after the sale to Dutch niche car maker Spyker failed. GM Europe head says supplier debts will be paid. Saab will be closed down, its parent General Motors Co. announced today after concluding that a sale of the Swedish brand to Dutch niche car maker Spyker Cars NV could not be completed quickly enough.

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