New York, Apr 7 : General Motors, America's largest carmaker, plans to auction off about 100 of its classic cars and sell off Saab, in order to avoid bankruptcy.
The Los Angeles Times reports that GM will auction about 100 antique and show cars to help it raise money and cut down on storage fees.
"Every little bit counts. It costs a lot to house that many vehicles," said Greg Wallace, the manager of the General Motors Heritage Center.