Spyker interested in Saab

Article by Christian A., on August 27, 2010

General Motors Co. set a Dec. 31 deadline for itself to decide whether it will latch on to a bid for Saab or just shut it down. From now until the end of the month, GM will be considering numerous bids for the money-losing Swedish brand.

GM declined to reveal who the bidders were but it is speculated that Dutch super sports carmaker Spyker Cars NV and its Russian owner, Converse Bank, are among those that have submitted a bid to buy Saab.

GM said that if it is unable to find a "suitable arrangement" for Saab by then, it "will begin an orderly wind down" of the business. A source has revealed that Spyker had filed a written bid last Monday to purchase all of Saab from GM. 

The amount of the bid is undisclosed. Spyker reportedly finds Saab appealing due to its strong image. The source said that Spyker considers GM's plans, which include a new 9-4X crossover, to be "extremely viable."

Spyker is believed to be likely to benefit through shared technology and parts. Last Tuesday, the GM board met to discuss the fate of Saab after a deal with the Koenigsegg Group failed to prosper.

According to Bloomberg News, GM is also considering the sale of parts of Saab to Beijing Automotive Industry Holding Co. and closing the brand.

A source said that in that scenario, Spyker would likely withdraw its bid since suppliers would leave and the dealerships would fall apart, letting customers lose confidence in the brand. [via autonews]

Topics: saab, spyker

If you liked the article, share on:

Comments

Recommended

Not so long ago, the 2018 Genesis G80 Sport made its debut at the 2016 LA Auto Show. But at that time, it did not have a price yet. And...
by - April 23, 2017
It seems like an increase in price has become a trend for automotive companies lately. Genesis isn’t alone when it comes to this. Subaru had just announced that the 2018...
by - April 23, 2017
Imagine a sports car morphing into an SUV. Chevrolet initially revealed the FNR Concept at the previous Shanghai Auto Show in 2015. For this year, Chevy once again graces the...
by - April 22, 2017
From the moment FCA kicked off with its 3-month-long ad campaign until the day it unveiled the new Dodge Challenger SRT Demon, folks have been guessing what the exact figures...
by - April 22, 2017
Some people may think Audi Sport is a new company but it is in fact the motorsport division of Audi combined with the best of what Quattro GmbH can offer....
by - April 21, 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