Russian businessman Vladimir Antonov, who is seeking to invest in carmaker Saab, won initial approval for the plan on Thursday, raising hopes the Swedish firm can beat a cash crunch threatening its survival. Here are some details about Antonov: * THE SAAB DEAL: -- The Swedish Debt Office must give its approval to allow Spyker to have Antonov back as a shareholder as Sweden has guaranteed a 400 million euro ($568.9 million) EIB loan. -- Antonov, who has said he has been the target of false allegations of money laundering and other financial crimes, was ousted from Spyker's deal to buy Saab from General Motors (GM.N) in 2010. He has said investigations have cleared his name and that GM, which retained preference shares in Saab and is also a supplier, is now ready to let him back as a shareholder. -- Saab is trying to get agreement to sell its plant and real estate to Antonov and lease it back to solve its cash problems, which led to unpaid bills and production halts.
General Motors Company (GM) is a global automotive company. Shares of GM traded higher by 0.79% or $0.25/share to $32.03. In the past year, the shares have traded as low as $29.17 and as high as $39.48. On average, 16147700 shares of GM exchange hands on a given day and today's volume is recorded at 7017512.
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