Sweden talks to US carmakers about Saab, Volvo
Sweden talks to US carmakers about Saab, Volvo Save Email Print
Stockholm, Sweden
Posted: 2:40 PM Dec 1, 2008
Last Updated: 2:40 PM Dec 1, 2008
Reporter: The Associated Press

A | A | A

The Swedish government confirms talks with General Motors and Ford after a report that the automakers are seeking support for struggling Saab and Volvo.

A government spokeswoman says the European Union's tough competition regulations restrain the options for the government should it wish to support the Swedish-based car industry.

Ford, GM and Chrysler are lobbying the U.S. Congress for financial assistance as the companies are being squeezed by falling sales amid the world economic crisis.

A Saab union representative doubts U.S. lawmakers would be willing to support the companies' international operations.

Volvo says it will cut some 6,000 jobs worldwide. More than half of those jobs are in Sweden.

More Stories
New Mich. lottery game tied in with Dream Cruise

Detroit police chief: No reason for firing given

Another furlough day for Michigan employees Monday

Battle Creek police find bodies of 2 men in river

Michigan may cut subsidies that keep Amtrak running

Boy, 14, drowns while swimming at lake in SW Mich.

Detroit museum to show Jackson memorial broadcast

Arson charge brought in Detroit firefighter death

Post Your Comments
First Name:
Location:
Enter Comments: characters left
Email (optional):
By posting this comment I have read and agree to the Terms of Use and Privacy Policy:
You must agree to the Terms of Service to continue.

WNDU News Poll
There are currently no active polls at this time.
Click here to view other polls on our site and past poll results.