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. Last Updated: 07/27/2016

GMC, Saab Deal

STOCKHOLM () -- U.S. car giant General Motors Corp. was expected to take the driver's seat at Sweden's troubled carmaker, Saab Automobile AB, within the next four years after mapping out a major new corporate route Monday. GM and its Swedish partner, investment group Investor AB, announced a major recapitalization plan that could lead to GM becoming a majority or whole owner of Saab.