General Motors

"Toyota's reputation remains strong and consumers remain loyal, but data from independent studies increasingly show Toyota's quality is slipping," said IHS Global Insight analyst Aaron Bragman. "Toyota had the aim of becoming General Motors for many years, and now it has many of the same problems that GM had, like overcapacity and quality issues," he said.

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"We had life before GM; we'll have life after GM," he said. "It might not be going to Florida as much as we used to ... but I'm almost 40, and you've got to get the ball rolling quickly. "

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"Up until now, we have had a reasonably good response. Not in terms of actual numbers but in terms of willingness from everyone we have spoken to including in Germany," he said. "We have also said that GM can and will put some money in as well," he added.

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"We're focused on a quality build-out for the customer," said GM spokesman Kevin Nadrowski.

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Maud Olofsson, Swedish enterprise minister, said that Stockholm had not given up hope that GM would find a new buyer, but added: "For every day that passes, the challenge gets bigger and bigger. "

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"We're obviously very disappointed with the decision to pull out of the Saab purchase," said GM President and CEO Fritz Henderson. "Many have worked tirelessly over the past several months to create a sustainable plan for the future of Saab by selling the brand and its manufacturing interests to Koenigsegg Group AB."

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"They can't find investors if [GM] are talking about pulling the plug on December 31," said Tim Urquhart, senior analyst with IHS Global Insight.

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"I don't know that (the Saab collapse) says much about GM's ability to restructure as it is a sign of the market's weakness," said auto analyst Aaron Bragman of IHS Global Insight.

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"Bochum remains an important part of the resources of General Motors in Europe going forward," he said.

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"We've been very clear that those brands were going to be sold or shut down," said a GM official, who asked not to be identified. "The expectation is that if you don't sell it, you close it."

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