General Motors has reportedly dismissed the allegations presented by former Saab brand parent company Spyker after the struggling Swedish automaker filed a $3 billion dollar suit against GM for making moves to intentionally bankrupt the Saab brand when the American automaker refused to approve the sale of the Saab brand to Chinese investors.

General Motors has been granted a 30 day extension to reply to the absurd $3 billion lawsuit presented by Spyker which claims that GM intentionally worked to drive the Saab brand into bankruptcy after Spyker purchased the failing brand from GM.

The National Highway Traffic Safety Administration has announced that they have upgraded their preliminary investigation of the 2006 and 2007 Chevrolet Trailblazer to an engineering analysis while also adding the GMC, Buick, Saab and Isuzu, a move which could lead to a recall of 341,786 vehicles in the US.

There have been a great many rumors about companies interested in purchasing the bankrupt Saab brand but according to Swedish media outlets, a Swedish electric car company has made a bid for the majority of the Saab brand – although all parties involved are not commenting in support or in denial of these reports.

The automaker Spyker has been through a rocky few years, first buying the struggling Saab brand from GM, then changing the company name to Swedish Automobile NV only to facr complete ruin in the wake of a failed attempt to rejuvenate Saab but the dying company has announced that they intend to take back the name Spyker NV.

It seems the story of Saab, the Swedish automaker, keeps having an interesting turn or twist. Saab United, a Saab enthusiast website, has reported that unfinished Saabs left sitting on the production line have been bought and will be finished by a dealership.

Saab has some good news finally. To be honest, it is great news! The historic and world-famous Saab museum in Trollhattan, is not going anywhere. It has been bought by the city of Trollhattan, Saab AB, and the Wallenberg foundation.

It seems the saga of the Swedish automaker Saab has another interesting twist. Several news sources are reporting that key Saab's officials are in China. Apparently they were invited there by the Chinese automaker, Zhejiang Youngman Lotus Automobile, to have talks about buying Saab, again.

According to the internet gurus at Saabs United, Saab will send a small portion of its workforce back into the Trollhattan plant to resume production – but only of vehicles already underway when production came to a halt in early 2011.

It was recently announced that Saab, the venerable Swedish automaker, filed for bankruptcy protection. Saab did not need to do this though, as it had a chance with two Chinese firms to pull itself out from the dire financial situation it found itself in. However, General Motors (GM), blocked the deal. This begs the question... why can't Saab get a bailout?

The Saab brand officially appears to be dead with government aided bankruptcy and liquidation processes well under way, but things have just gotten worse for current owners and Saab dealerships as the Swedish automaker has announced that all standing warranties on privately owned vehicles will no longer be honored and new vehicles sold from now on will not come with any of the warranties previously offered.

Sweden - Unless you live under a rock, it has become common knowledge in the automotive world that Saab is in very bad shape but it appears that the dieing Swedish automaker has been saved by their would-be Chinese investment partner Youngman Lotus with a cash influx of around $5 million - with more money slated to shift from Youngman’s account to Saab’s in the coming weeks.

Saab and parent company Swedish Automobiles NV (Swan) has reportedly canceled the investment deals with Chinese firms Pang Da and Youngman Lotus after the two Chinese firms each made low-buck buyout offers last week - effectively preventing themselves from receiving the $340 million that the automaker had been desperately hoping for as they work through government assisted reorganization.

As Saab teeters on the edge of bankruptcy while attempting to shelter themselves under the protective arm of the Swedish government during corporate restructuring, the struggling Swedish automaker has reportedly received the first chunk of a $97 million dollar bridge loan with help from one of the Chinese firms hoping to buy into Saab.