There has been a last minute update with Saab – a very last minute revised offer from Spyker which apparently addresses and eliminates 11 key “issues” which prevented the deal from going through. The new deal also does not require a loan from the European Investment Bank, but Spyker did not reveal details on how it would be alternately financed. Spyker is backed by its largest investor, the Convers Group from Russia.
“We have made every effort to resolve the issues that were preventing the conclusion of this matter and we have asked GM and all other involved parties to seriously consider this offer. We are very confident that our renewed offer will remove the impasse that was standing in the way of an agreement on Friday, and this would still allow us to conclude the deal prior to the expiry of the deadline originally set by GM of December 31,” said Spyker boss Victor Muller today.
The new Spyker offer would only be valid until 5:00 PM EST on Monday. Right now at time of posting it’s almost 1PM EST on Sunday so there’s still a good 28 hours to go before we finally say goodbye to Saab, if the deal does not go through. I really don’t know what these 11 points are but I’m really wondering what they could be, such important details that warranted killing the brand instead of passing it on to new and fresh hands which would at least try to make it work.
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Why are Spyker so interested in this brand?
GM are receiving multiple offers for Saab.
Another undisclosed group submitted a proposal days ago, together with management, to acquire Saab. This group completed its due diligence review months ago, was a finalist when Koenigsegg was selected and is in regular contact with the government. They have joined together with a Swedish consortium and have offered to move quickly to close.
Hopefully it would be a positive outcome, the new Saab 9-5 does look like a decent car.
mystvearn said,
December 21, 2009 @ 5:36 am
Why are Spyker so interested in this brand?
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Perhaps if you did some research, you would realise that SAAB had some major milestones in the automotive industry.It would be a waste if all those knowledge is locked up in some vault.
Spyker can say something like…
"Take it or Die!" hahahaha
Saab is also an 'Aero-motive' company btw.
It's complicated.
please save saab
Ya Proton, you can save SAAB by buying them at 1 Euro.
Since some other bought your Augusta with 1 Euro to save you,
now you can do the same for SAAB :) LOL
Suddenly last minute… hopefully it goes well…
4 ur information saab was not only making a car,they also make a fighter jet and many other millitary stuff….those who buy it actually interested in their nillitary exprtise also.remember that
I thought this deal is just about the automotive branch of Saab?
thanks for comment. a good text. very good.