GM and Saab tech-sharing plans

We know that General Motors Corporation (NYSE:GM) are selling its Swedish subsidiary Saab, but the two companies have agreed to cooperate with each other once they part. Last month Saab filed for bankruptcy protection so they can attempt to reorganize its business.

The Sydney Morning Herald has reported that this move came after GM said that they were to sell the brand as it is also undergoing restructuring efforts, executives have said that they are open to bankruptcy reorganization.

Saab has said that they will keep sharing some of its technology in safety, chassis and engines, but will keep its most advanced technology in its turbo system, safety and also cabriolet technology to itself.