STOCKHOLM (Reuters) - The future of Saab looks bleak after luxury car maker Koenigsegg, backed by China's BAIC, pulled out of a deal to buy the loss-making firm from General Motors Co.
Saab never made money for its U.S. parent, which bought a 50 percent stake in 1990 and completed the purchase a decade later. Sales of the brand have nose-dived and GM, which itself emerged from bankruptcy in July, had said it would sever its ties with the Swedish firm at the end of this year.
Saab said it made a loss of about 3 billion Swedish crowns ($433 million) in 2008 and expected to lose a similar amount this year. Its survival plan envisaged returning to profitability in 2011.
GM wants to slim down and focus on core brands -- Chevrolet, Cadillac, Buick and GMC.
GM's board meets on Tuesday with Saab likely to top the agenda.
Here are some possible outcomes for Saab: