Dampeners on Saab rescue story

Reports this afternoon which suggest that a deal between supercar maker Spyker of Holland and GM has been struck, have been dampened by the companies concerned.

The deal was said to have been clinched by Swedish Government guarantees on a €400m loan from the European Investment Bank. But Spyker says talks remain ongoing, and GM says no deal has been reached. The Swedish government says no guarantees have been given.

Late last year, GM announced that it would be winding down Saab.