Swedish Auto shares jump over 20 percent after Reuters interview with Saab exec

Saab North American President Tim Colbeck told Reuters in an exclusive interview that parent Swedish Automobile was talking with potential investors. It was the first official confirmation of the talks, and the news sent Swedish Autos shares soaring almost 24 percent the next day. Fears about Saabs survival have ebbed and flowed as Swedish Auto chases funding for the unit, which has not been able to restart its production line since closing in late April. While Colbeck declined to identify who Saab was negotiating with, he said the talks were real and substantive. He also gave a date in late August for when production at the Saab plant will restart, another thing investors have been waiting to hear about. The Reuters story was widely picked up, including by CNBC, UKs Independent, Finanz Nachrichten, Belgiums Beursduivel, Automotive News and Ward`s Auto, thestreet.com, and various investing, automotive and environmental websites.