Saab Managing Director Gives Post-GM Bankruptcy Update - VIDEO STORY

TROLLHATTAN, Sweden - June 1, 2009: As GM files for Chapter 11, Saab Automobile is just weeks away from concluding a deal with new investors to take the company forward. Managing Director Jan Åke Jonsson has confirmed they are talking to three investors, that they will reveal the identity of the final candidate in the near future and that he expects a deal by the end of June.

Chapter 11 is a chapter of the United States Bankruptcy Code, which permits reorganization under the bankruptcy laws of the United States.

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