The Swedish government has announced $3.4 billion in support for its automakers, which includes Saab and Volvo. The aid will come in the form of credit guarantees, emergency loans and research funds, according to the Associated Press.
Saab is owned by GM and Volvo by Ford. Both of the major Swedish auto companies are going to be sold in the near future so that Ford and GM can focus on their core brands. This support money will make the sales of Saab and Volvo much easier.
Saab and Volvo cars, like the XC70 pictured here, have small but passionate cult followings.