GM's Saab Brand Is Drawing Fresh Interest

Officials with General Motors Co.'s Saab unit said the brand has received serious expressions of interest from potential buyers since Tuesday's collapse of a deal to sell the Swedish car maker to Koenigsegg Group AB. Saab Automobile AB officials are now racing to build a case for GM's board of directors and its chief executive to keep Saab alive, a spokesman said. "We've had intense dialogue with potential buyers," Eric Geers, a Saab spokesman, said Friday. He said Saab's management team, headed by Jan-Ake Jonsson, is preparing a presentation for GM's board of directors that lays out the company's options. Mr. Jonsson's case to save Saab will be bolstered by comments from Swedish government officials on Friday indicating Saab's home country remains ready to act as the company's guarantor on €400 million loans from the European Investment Bank. Sweden will send a delegation to Detroit to meet with GM officials early next week. Read more. (Subscription required.)