Sweden rules out state bail-out for Saab

Sweden’s prime minister Fredrik Reinfeldt has ruled out November 2009 a government bail-out for General Motor's Saab Automobile and warned that other European leaders must not stand in the way of efforts to tackle overcapacity in the car industry.

His comments came as GM prepares to restructure Opel with job cuts threatened in Germany, Belgium and the UK.

ESO: Background information: Blow for GM as Swedes pull out of Saab talks http://www.europeansources.info/record/blow-for-gm-as-swedes-pull-out-of-saab-talks/

ESO: Background information: Germany to bear brunt of Opel cuts http://www.europeansources.info/record/germany-to-bear-brunt-of-opel-cuts/

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