GM is on the brink of selling Saab to Spyker, according to reports.
The Bloomberg news agency is reporting that financial terms have been agreed in principle between the two sides, and that ongoing production and management issues are the only remaining stumbling blocks.
One of these unresolved issues is the role of Vladimir Antonov, Spyker's Russian backer and company chairman, in Saab, who GM is reported to want to stand down. Another issue is the need for the Swedish government to guarantee a 400 million euro loan (£351m) from the European Investment Bank.
The report suggets Spyker will give GM $75 million (£47m) for Saab, while GM will keep another $100m (£62m) in current Saab liquidity, and $325m (£210m) in preferred shares from the new, Spyker-owned Saab company.
Reports suggest a deal could be announced this week.