20.02.2009 – 13:46

General Motors (GM Europe)

GM Supplier Statement on Saab Reorganization

Zürich (ots)

Saab Automobile AB announced today that it has
filed for reorganization in Sweden. In response to the concerns 
received from Saab's supplier base, General Motors Europe will 
promptly establish a viable mechanism for the timely payment of 
suppliers' claims towards Saab.

"GM is fully committed to maintaining a viable and successful 
local and global supplier base during the Saab reorganization," said 
Bo Andersson, GM group vice president for Global Purchasing and 
Supply Chain.

GM hopes this gesture will encourage suppliers to support efforts 
to help Saab reorganize into a fully independent business.  During 
the reorganization, Saab Automobile AB will continue to operate as 
usual.

Contact:

Contact:

J. Christopher Preuss
GME Vice President & Global Product Communications
+41-44-828-2500
jchristopher.preuss@gm.com