The Saab logo is seen on a store in New York, U.S., in this file image from April 4, 2009. General Motors Co. will wind down operations at Saab after a last-ditch attempt to sell it to small Dutch luxury carmaker Spyker Cars failed, the automaker said on Friday. (Xinhua/Liu Xin) Photo Gallery>>>

Swedish sports carmaker pulls out of deal with GM to purchase Saab

    CHICAGO, Nov. 24 (Xinhua) -- U.S. automaker General Motors Co.'s efforts to sell cast-off brands took another hit Tuesday when Swedish sports car maker Koenigsegg Group AB pulled out of deal with GM for purchasing Saab for undisclosed reasons.

    "We're obviously very disappointed with the decision to pull out of the Saab purchase," GM President and CEO Fritz Henderson said in a short statement.  Full story