Auto News and Reviews:No Confirmed Deal for Saab Thus Far, Shut Down Continues
Article Summary:
GM saw its worst time ever last year and the year changing has done the once great brand no favor with GM having to extend the deadline for sale of its Swedish brand Saab. The earlier deadline was December 31 but since nothing could be finalized until then, GM has extended the offer
Article Content:
GM saw its worst time ever last year and the year changing has done the once great brand no favor with GM having to extend the deadline for sale of its Swedish brand Saab. The earlier deadline was December 31 but since nothing could be finalized until then, GM has extended the offer till January 7. Spyker, the Dutch supercar manufacturer is the best bidder after its updated bid as the initial talks between the two brands failed.
There is no clue about the exact number of bidders and even Spyker has struggled to find a financer which it requires desperately to seal the deal. The Russian Convers Group is Spyker’s main financer and it is still unclear whether the group is backing the deal although Spyker has insisted that it is confident about the negotiations with GM. As far as the future production for Saab is concerned, the production will resume tentatively for the 9-5, 9-3 and a few other models to meet the current demand.
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