GM Says No Deal to Spyker's Last-Ditch Bid for Saab

The twisting saga of Saab Automobiles took another dramatic turn after a report surfaced that General Motors won't consider an 11th-hour bid for the Swedish automaker. Unswayed by the latest offer from Dutch sportscar maker Spyker Cars, Detroit-based GM is preparing to mothball Saab for good, The Economic Timesreported, citing a news report published Wednesday in Sweden.