GM Tech License Still Eludes Saab’s Chinese Buyers

Law360, New York (December 6, 2011, 3:49 PM EST) -- General Motors Co. reaffirmed Tuesday its decision not to continue a technology licensing agreement with struggling Swedish automaker Saab Automobile AB after reviewing a plan proposed last week for a Chinese bank to purchase equity in parent company Swedish Automobile NV.

GM, a preferential shareholder and former Saab owner, said the proposed change did not affect its decision, announced last month, that it would not support Saab's $141.9 million sale to two Chinese companies.

"We have reviewed Saab's proposed changes regarding the sale of the company....
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