Saab’s fate may be decided this week

According to an Associated Press story published a few hours ago — with a Stockholm dateline — company officials from Saab Automobile AB traveling with officials from the Swedish government are in Detroit today in what the AP describes as “a final attempt to help General Motors Co. find a solution for the troubled Swedish auto maker.”

According to the report, the General Motors board is scheduled to discuss Saab’s future (or imminent demise?) in a meeting Tuesday in Detroit. Last week, Sweden’s Koenigsegg Automotive AB signaled that it won’t be able to purchase the brand.

From the story:

Before Koenigsegg emerged as a buyer in June, GM had plans to let the storied brand go out of business, placing 4,500 jobs in jeopardy. Saab has been in a court-protected restructuring since Feb. 20. No purchase price was ever disclosed.

Without a buyer, Saab may go the way of Saturn, another auto industry restructuring casualty that parent company GM was ultimately unable to sell.