Stockholm/Detroit - Hard-hit US carmaker General Motors (GM) will likely sell its Swedish daughter company Saab or close it, GM President Frederick Henderson told Swedish media on Wednesday. Henderson told Swedish radio that "We are looking at all possibilities, including a sale," adding that GM was seeking the fastest possible solution.
"Things will get better the faster they are tackled," he said.
General Motors first bought into Saab in 1990 and has owned the whole firm since 2000. Saab produced 125,000 vehicles in the last year, and has some 4,400 employees.
Saab chief Ake Jonsson said that there were "several interested parties" for a takeover, and said that the company was also in "serious discussions" with the Swedish government.
GM asked the US government for 18 billion dollars in credit on Tuesday to avoid going bust.
In seeking the government assistance, the company said it would concentrate on its domestic US brands.
Equally troubled Ford has put its Swedish subsidiary Volvo up for sale.
