By Daniel Costello
The future of Saab was thrown into doubt on Tuesday after General Motors announced a consortium led by Swedish investors pulled out of talks to buy the premium car brand.
The deal's collapse marks the second failure by GM in less than two months to sell a money-losing brand. In October, Penske Automotive Group abandoned a deal to acquire GM's Saturn because of doubts about securing a long-term supply of vehicles.
In February, GM said it was seeking a buyer for Saab, Saturn and Hummer as part of a drive to pare down its product portfolio as it prepared for US government-funded Chapter 11 bankruptcy protection. It now appears more likely than not that GM will shutter Saab and Saturn, and honor warrantees and other customer services through its remaining car units.
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