General Motors Co., a former Saab owner and current supplier of parts and technology to the automaker, continues to oppose a rescue deal to sell Saab to Chinese auto firms Pang Da Automobile Trade Co. and Zhejiang Youngman Lotus Automobile Co., Swedish business daily Dagens Industri reported.
GM is opposed to the deal on the grounds it could compromise its competitive position in key markets including China and allow rivals access to its technology.
The two Chinese investors have put a new proposal to GM, the newspaper said on Wednesday, after GM rejected the initial deal two weeks ago. However, GM's position has not changed.
"Saab and Youngman can do whatever they think is best for the company," the paper quoted GM spokesman James Cain saying. "But if it is a 100 percent takeover of Saab, they are going to do it without the cars we deliver, the 9-4X, and without GM's technology."
Saab's owner, Swedish Automobile, did not respond to requests for comment from Automotive News Europe.
Talks between Swedish Automobile and the Chinese investors continue even as the automaker holds meetings with creditors this week to present a financing plan for the future. Saab has been operating under creditor protection while trying to restructure its operations for a second time since being put up for sale by GM in 2009.
Pang Da and Youngman signed a memorandum of understanding with Swedish Automobile four weeks ago. In it, they agreed to buy Saab for 100 million euros ($142 million), replacing an initial deal to purchase a combined 53.9 percent in Swedish Automobile for 245 million euros.
The Chinese investors plan to inject more than 500 million euros into Saab to restart production and return the carmaker to profit by 2014. Production has been suspended since April due to a lack of sufficient funds to pay suppliers and employees.
Reuters contributed to this report