26 Jan 2010

Shares in Dutch car maker rise on SAAB rumour

10:59 am on 26 January 2010

Shares in Dutch luxury car maker Spyker have jumped almost a third on rumours that it is about to buy General Motors' Swedish unit, Saab.

All Spyker is saying is that talks with GM are ongoing.

For its part, GM has begun the process of closing Saab, though almost 3500 employees there are still working.

And it's been confirmed that GM's acting chief executive , Ed Whitacre is taking over the post full time.

He has pledged to repay back the aid GM received from the US and Canadian governments by June.