At issue are two things: the continuation of existing technology licenses (for GM components used in Saab vehicles) and the ongoing supply of Saab 9-4X crossovers that GM builds for Saab in Mexico.
GM, through a series of joint ventures and partnerships, is the largest automaker in China, and has expressed concerns about intellectual property currently licensed to Saab falling into the hands of its Chinese competitors.
The Detroit News
GM is one of four key players who must approve the sale of Saab before it can proceed, with the others being the European Investment Bank, the Swedish government and the Chinese government. Saab will try to work out an arrangement with Pang Da and Youngman that will be agreeable to GM, but a happy ending to Saab's story isn't likely. If GM blocks the sale of Saab, bankruptcy, followed by liquidation, is the likely outcome for the Swedish automaker.
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