If the original December 31 deadline for negotiations holds through, Saab will be officially consigned to history come midnight. But it won’t, as General Motors has extended the deadline for a final offer from Spyker Cars until January 7, Spyker Cars CEO Victor Muller said in a text message. Reuters also reported Muller saying that he beleived there are multiple bidders for Saab.
Meanwhile, in a suprising move Saab will restart some production lines again in January for the new 9-5 and 9-3 Cabriolet. “We have the orders and we have to deliver them as usual. The factory has to continue again,” Saab spokesman Eric Geers said. “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,” he added.
Spyker, an exclusive sportscar maker backed by Russian and Arab money, is keen to buy Saab for its technical resources and distribution network. The loss-making company made an improved bid for Saab on Dec 20, two days after initial talks with GM collapsed. The saga continues…
Danny Tan loves driving as much as he loves a certain herbal meat soup, and sweet engine music as much as drum beats. He has been in the auto industry since 2006, previously filling the pages of two motoring magazines before joining this website. Enjoys detailing the experience more than the technical details.
1st~
Yeay ! Saab is still alive!
fuck, why always got people post 1st comment
paul, do your readers a favor….please stop accepting childish comments made by readers…comments such as 'me 1st' and 'first' belong in the trash and not in a blog as fine as this…
I don't get it. Spyker's also making a loss?
How about the factory employees? Will they keep work at there or better find a new job.
Or the omployees are contract one?
Besides..
Is it possible to give comment: 1ST, First, First again.. Am i first? 1ST~@#%^
Really "sien" de……….
Will they survive? how fast the world economic has changed is sometimes ruthless..Some manufacturers from developed countries already considered relocate their plants into cheaper laboring cost countries. The same goes to Proton. I believe if Proton wants to continue exist in motoring world, start planning to relocate the plant (not R&D) into 3rd world countries. So the cost will stay competitive.
Dear Fabregas. Proton already in world first class facility third world mentality country. Pity on it as malaysian.
SAAB has 9 life lar…hard to die.