Saab looks to expand in Latin America following split from GM

Saab seeks to expand in Latin America

TROLLHATTAN, Sweden — Saab Automobile said Wednesday that it was looking for importers in Mexico, Brazil and Argentina, where it hopes to expand following its split from General Motors.

Saab said it planned to import vehicles and establish retail and marketing networks in the three countries, part of a “major expansion” in South America.

As part of its turnaround plan, GM sold the low-selling Saab brand to the Dutch company Spyker for $74 million in cash and $326 million worth of preferred shares in Saab.

Saab recently launched a new sedan and plans to release a wagon and a crossover soon. The company currently sells vehicles in 53 countries.