Saab's future cloudy as financing deal falters

SHANGHAI — Prospects for a rescue for struggling Saab Automobile remained uncertain Friday as several Chinese automakers brushed off reports they were in talks with the Swedish car company after an earlier financing deal fell through.

News that a $233 million deal between Spyker Cars NV, which bought Saab from General Motors Corp. in 2010, and China's Hawtai Motor Group had fallen through prompted speculation that Saab's top brass were resuming talks with other potential Chinese partners.

Spyker said it was "forced to terminate" its deal with Hawtai because the Chinese company was unable to obtain necessary approvals, including from various shareholders.

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