The removal of GM president Fritz Henderson last night could have been connected to his desire to see Saab closed, according to reports. Henderson is known to have considered it necessary to close Saab, a viewpoint at odds with the rest of the GM board.
GM's decision to seek a buyer for Saab is believed to be motivated by the huge costs associated with shutting a car maker down.
Yesterday it was reported that there are four interested bidders for Saab.
However, US private investment firm Merbanco Merchant Banking has already been ruled out by GM, while Chinese car maker BAIC is believed to only be interested in buying the 9-3 and previous model 9-5 production lines. GM will not want to sell Saab in its entirety to a Chinese firm, as it would mean handing over some of its intellectual property to a potential future rival.
Other firms and investors are said to be interested in Saab, including Dutch supercar maker Spyker Cars and its Russian owner, Converse Bank, and US financier Ira Rennert and his Renco Group.