• The Detroit News, Wednesday, December 7, 2011 9:40 AM

General Motors Co. said Tuesday it will not support the latest proposed deal to sell its former Swedish unit Saab to a Chinese consortium, because it doesn't want to see in-house technology walk east. The announcement may mean curtains for the automaker.

Saab said Monday it is in talks on a revised deal to sell itself to one of the automakers — Zhejiang Youngman Lotus Automobile Co. Ltd. — and an unnamed Chinese bank. It had agreed to sell itself to two Chinese companies for $140 million in exchange for $600 million in funding to keep the company afloat.

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