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GM Extends Saab Deadline

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General Motors Co. will extend the deadline for talks on its Saab unit until Jan. 7, giving Spyker Cars NV more time to come up with financing to buy the Swedish brand, a GM official briefed on the matter said.

GM is willing to review bids until Jan. 7, when it begins the legal process of closing the business by notifying governments and cutting off supplier contracts, said the official, who asked not to be identified because the discussions are private


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