FRANKFURT Feb 25 General Motors' (GM.N) Saab
Automobile unit is negotiating with the Swedish government over
a loan guarantee of 500 million euros ($637 million), Saab
chairman Jan-Ake Jonsson said in a Wednesday prerelease of a
"We will continue our intensive discussions with the
Swedish government in the coming days," he told German daily
Frankfurter Allgemeine Zeitung.
He said there are a "handful of parties" interested in
acquiring Saab and that these include carmakers as well as
He said a condition for the loan guarantee is that the
government approves the restructuring plan, which includes the
concentration of all activities at the Swedish plant located in
On top of that, the government also wants to be assured
that the money obtained through the state guarantee will not be
transferred to parent GM in the United States, he said.