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GM extends deadline for Saab bidders

By Blogger on 03 Jan 2010

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GM has announced that it has extended its deadline for potential bidders of Saab, in a move that hands the Swedish car-maker a lifeline for survival.

GM is still continuing the wind-down process of Saab though, but in the wake of renewed interest in Saab from Spyker Cars, as well as several other interested parties, GM has extended the deadline for bids from 31st December to 7th January.

"We are preparing the wind-down process. At the same time we are open to options, to bids that come in. Therefore the deadline has also been dropped," said Saab spokesman Eric Geers. Spyker CEO Victor Muller has made a final offer for Saab, with a decision to be made soon.

Saab has also announced that it will restart production of the new 2010 Saab 9-5 as well as the 9-3 Convertible models. "We have the orders and we have to deliver them as usual. We also have the orders for the 9-3 and others. The factory has to continue again," Geers said.

Saab, Saab take-over, Spkyer

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Not only do their passion for cars burn pavements, their thoughts and ideas on cars are as fast as the word go.

  • 1
Da_editor Jan 03 2010 10:50 AM
The saga continues... when will this end. Is GM trying to make this a drama serial?
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