Jump to content

MyCarForum Logo
Search
Magnifying glass

SEARCH

2

GM extends deadline for Saab bidders

By Blogger on 03 Jan 2010

Posted Image
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

Viewed: 531 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
Da_editor Jan 03 2010 10:50 AM
The saga continues... when will this end. Is GM trying to make this a drama serial?
  • 1
 
Car Makes

Please select a car make

Facebook Likes
   Featured Blog Post
Photo
“I, Halimah Yacob, having been elected as President of the Republic of Singapore, do solemnly swe...
POPULAR BLOG POSTS
Photo
The popular Toyota Harrier is about to get a refresh and images of the facelifted car has been le...
Photo
Thousands applied, but ultimately, only 500 individuals have so far been selected gets a Ford GT...
Photo
EA has just previewed its latest installment of the Need For Speed franchise and BMW's new M5...
Photo
Etiqa Insurance launches reduce-premium usage-based car insurance ePROTECT sMiles that offers 50...
Photo
South African motoring journalist Jesse Adams has re-written the record for world’s longest drift...
   Lifestyle Articles
   Tags