No Swedish Money for Saab. Yet.

Although Saab is on the verge of a permanent collapse, the Swedish government sticks to its initial plan to stay away from the automaker, no matter if we're talking about financial support or taking over a certain share. After rumors concerning a possible state aid for Saab emerged in the local media, representatives of the government clearly stated that no such decision was made but admitted that further talks will be held.

Dutch carmaker Spyker is currently seen as favorite to take control of Saab, an agreement that would basically mean that Saab will live on. However, in order for this to happen, the Sweden government would have to grant state guarantees for European Investment Bank loans to Saab.

"No, there was no decision on Saab," Frank Nilsson, press secretary to enterprise minister Maud Olofsson, was quoted as saying by Autonews. “Yes, the government will hold and extra meeting this afternoon about a number of issues, but the question of loan guarantees will also probably come up,” enterprise ministry deputy director Hans G. Pettersson told the TT news agency.

Recent media reports suggested that Spyker is involved in deep talks with GM and an announcement should be released this week. However, both the Swedish officials and GM's representatives are emphasizing that no decision has been made and the winding down process continues as planned.

“Even if things look good now, it has happened before that someone falls at the goal line. It's not finished until both parties go out with it,” Pettersson added.