Jump to content


SEARCH

1

More time for Saab as Spyker extends deadline

By Blogger on 22 Dec 2009

Attached Image: Dont_turn_back_the_clock1.jpg
Spyker, the Dutch sportscar maker has extended its last-ditch bid offer to buy Saab from General Motors.

“It is open-ended. It has been extended until further notice,” said Victor Muller, Spyker’s chief executive officer. "Spyker has been in contact with GM today and continues to develop its proposal for the purchase of Saab. Spyker has extended the validity of its proposal therefore until further notice," the company further said in a statement. Spyker had announced a renewed bid for Saab on Sunday and said earlier that its offer was only valid until Monday (21-Dec) at 2200 GMT.

Any takeover deal, if it is to be made, will have to be concluded before the deadline of 31-Dec 2009, which has been set by General Motors.

Hopes are slim, and the Swedish folks are poised to lose over 8,000 jobs, including subcontractors and others dependent on the carmaker.

Saab, Spyker, Saab take-over

Viewed: 502 times

Related Blog Posts
Blogger
Written by Blogger
Not only do their passion for cars burn pavements, their thoughts and ideas on cars are as fast as the word go.



  • 1
Carcuter88 Dec 22 2009 02:45 PM
I don't see how they can meet the deadline to finalise the deal by 31-Dec 2009.
  • 1
 
Car Makes

Please select a car make

Facebook Likes
   Featured Blog Post
Photo
Volkswagen has revealed that its ‘R’ brand performance models will soon become more wild and less...
POPULAR BLOG POSTS
Photo
This year’s Geneva Motor Show saw the launch of the McLaren Senna GTR and although it is only a c...
Photo
Did you know that in 1958, the American automobile maker GM built a prototype car that would allo...
Photo
Porsche has created a video explaining why some of its cars are producing brake squeal when drivi...
Photo
Amazingly, images of the next-generation Mazda3's instrumental cluster have been leaked onlin...
Photo
When we interviewed the Assistant Large Project Leader of the 2017 Honda Civic Type R, he said th...
   Lifestyle Articles