Socialist Sweden won't save iconic Saab auto company

Filed under: General Motors (GM)

The Swedish government said it "is not prepared to own car factories," The New York Times reported Monday -- a stance widely seen as the government's refusal to bail out the iconic Saab Automobile company, which is owned by General Motors.

If the Swedish government's decision does not change, that would mean that mostly-socialist Sweden will not provide loans to a major, domestic automaker, while the mostly-capitalist United States will. General Motor's (NYSE: GM) shares closed Monday up 17 cents to $3.35.

Investors may legitimately ask: how can this be? The answer isn't simple.

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