It was just a mater of time! After Koenigsegg aborted its intentions of buying Saab last month, today GM announced that "the intended sale of Saab Automobile AB would not be concluded." GM had been in discussions with Spyker Cars, but it seems it was impossible for the two parts to find an agreement.
"We regret that we were not able to complete this transaction with Spyker Cars. We will work closely with the Saab organization to wind down the business in an orderly and responsible manner. This is not a bankruptcy or forced liquidation process. Consequently, we expect Saab to satisfy debts including supplier payments, and to wind down production and the distribution channel in an orderly manner while looking after our customers."
As a result GM will start an orderly wind-down of Saab operations.
Press release after the jump.