This matter shows that the auto industry is still suffering from the impact of economic recession. GM planned to sell 3 bands by 2009 and SAAB is one of them. It is still not sure whether GM can really sell SAAB or not in the next few days. If it fails to do then many jobs will be lost.
Right now, the main problem is that there is no buyer for this brand despite the fact GM has revised the offer. It shows that auto makers are not eager to take any risk at this moment. The impact of recession is still going on.
