GM’s deadline to receive bids for Saab has been extended

Article by Christian A., on August 27, 2010

General Motors Co.'s Dec. 31 deadline to receive bids for Saab has been extended. After the holiday shutdown, Saab will restart production lines in January.

GM had previously stated that it will only give itself until Dec. 31 to review bids while proceeding to wind down the company. The Saab brand has gotten the interest of several carmakers.

But there have been many reports that Dutch luxury carmaker Spyker Cars is the most likely to succeed. 

In a text message, Spyker CEO Victor Muller told reporters that GM had extended the deadline for a final offer from Spyker until Jan. 7. He confirmed that there are numerous bidders for Saab but he declined to elaborate on their identities.

Saab spokesman Eric Geers said that in the meantime, Saab will restart production lines again in January for its new 9-5 model and cabrio.

He explained that the orders have been received and the company has to deliver the cars as usual. Geers added that the wind-down process is ongoing but that the company is still open to other options and to bids that come in.

Although Geers only identified Spyker as one of the bidders, Merbanco Inc., a Wyoming-based group, has been named in the media to be another bidder. [via autonews]

Topics: gm, saab

If you liked the article, share on:

Comments

Recommended

Kia is taking things a step further with the new Kia Stinger, which they first introduced at the 2017 Detroit Auto Show. With the specs given to us by the...
by - June 25, 2017
Earlier this week, Nissan revealed a teaser of the new 2018 LEAF’s interior, giving us an idea of what the electric vehicle has to offer. The company released a video...
by - June 25, 2017
The primary suggestion of a 4x4 ute from French company Peugeot was first revealed in 2016. Fifteen months later, the production version is launched. Now, Peugeot is not shying away...
by - June 24, 2017
The new Jaguar E-Pace crossover will soon hold its official launch on July 13 and is expected to arrive at the showrooms by early next year. It couldn’t have come...
by - June 24, 2017
As prices of the original Shelby Cobra have skyrocketed into astronomical proportions, there are firms like Superformance that serve replicas to consumers who demand the same levels of performance at...
by - June 24, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries