General Motors acquired 51% of Saab in 1990. GM bought the rest of Saab in 2000. Under the direction of the Obama administration & the new CEO of GM that he appointed, GM closed down Pontiac, Saturn and Saab. It resulted in the loss of three Excellent product lines, and many lost jobs. Saab was eventually sold to a small Dutch company: Spyker, in early 2010 for a reported 500 million dollars.
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