It's Tuesday, so here is your "Saab deal is close" speculation story for the day. Look for another similar story tommorow.... the next day... and so on until someone buys this turd.

Quote from the article:

General Motors Co. is close to announcing a deal to sell its Saab division to Spyker Cars NV, said a person familiar with the negotiations. An announcement may be made as early as late afternoon in Sweden after an agreement is final, said the person, who asked not to be identified before an official press release. Spyker shares were suspended in Amsterdam trading at 1:45 p.m. local time. Spyker, led by Chief Executive Officer Victor Muller, has offered GM about $75 million in cash and $325 million in preferred shares in the company that would emerge from the transaction, people familiar with the matter said last week. GM would get $100 million of Saab’s existing liquidity, they have said. Saab is among four brands, along with Pontiac, Saturn and Hummer, that the Detroit-based automaker is unloading to focus on Chevrolet, Buick, GMC and Cadillac in the U.S. after its bankruptcy exit on July 10. Saab’s main factory in Trollhaettan in southwestern Sweden employs about 3,500 workers. Muller couldn’t immediately be reached for comment.

Source: GM Said to Be Close to Announcing Saab Sale to Spyker (Update1)

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