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: 382 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
Driving an old car with almost no modern features in it? Or just love adding new accessories for...
POPULAR BLOG POSTS
Photo
A dog decided to take a walk on a rally stage where the Codasur 2016 race was held. With the race...
Photo
More photos of the BMW 1 Series sedan have already trickled out on the internet ahead of a report...
Photo
Likely to show up in 2018, the facelifted Ford Mustang will be getting a 10-speed automatic. Expe...
Photo
The younger generation might wonder how and why COE for Singapore vehicles came about. Find out w...
Photo
Singapore supercar to debut in Geneva. Only 10 to 20 of the electric two-seater Vanda Dendrobium...
   Lifestyle Articles