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GLD 374.35+0.7%Nov 18 4:00 PM EST

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To: Cogito Ergo Sum who wrote (82268)11/7/2011 1:27:08 PM
From: elmatador1 Recommendation  Read Replies (1) of 217862
 
Close. Do not let Chinese take technology: Saab's former owner GM said it objects to the sale of technology licences for the Saab 9-3, 9-5, and 9-4X models to China's Pang Da and Youngman, which together have agreed to purchase Saab for €100 million ($142 million) from current owners Swedish Automobile.

“While GM is open to continuing to supply powertrains and components, GM won't agree to extend the technology licences or to sell 9-4X cars to Saab with the current change of ownership because it's not in the best interest of GM shareholders,” GM spokesperson James Cain said in a statement, according to the Svenska Dagbladet (SvD) newspaper.

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