GM Won't Renew Tech License With Saab's Chinese Buyers

Law360, New York (November 7, 2011, 9:19 PM EST) -- General Motors Co. will not continue a technology licensing agreement with Saab Automobile AB if the struggling Swedish automaker's $141.9 million sale to two Chinese companies announced last month is consummated, GM said Monday.

GM, which also supplies 9-4X vehicles and components like power trains to Saab, said it would not allow Saab's potential new owners — Pang Da Automobile Trade Co. and Zhejiang Youngman Lotus Automobile Co. — access to its proprietary technology.

"GM is willing to continue to supply power trains and other components...
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