On Friday GM announced that it would be winding down the Saab brand in January after talks with both Spyker and Swedish carmaker Koenigsegg failed. Now Spyker has announced today that the car maker has submitted another bid for Saab.
Spyker Chief Executive Victor Muller stated that the company submitted a new proposal to GM that addressed the issues that were holding up the deal. "Despite our collective 11th-hour set-back, we are returning to the table with a renewed offer, that addresses every known issue brought to light during the initial negotiations and that has the full backing of the Saab management," Muller said in a statement.
If the Saab brand does die approximately 3,400 jobs will be lost. After Friday's announcement it was also reported that the Swedish government was holding emergency meetings to address the issue.
The new proposal from Spyker has an expiration date of Monday at 5pm ET.
Full Story: CNN
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Comments (3)
Hey, this might not end up being just another SAAB story. Ha! Get it? Ha!
Seriously though, I hope it does stick around. Their cars might not have been hugely popular, but they were quirky enough to be interesting in an industry filled with carbon copies of each others models.
One thing, only 3400 jobs? I would have thought they would have been bigger than that.
Posted by VinceL | December 21, 2009 8:22 AM
Posted on December 21, 2009 08:22
I would love to see new 9-5 making it to production. Just hoping its price tag won't be affected by the negotiations :)
Posted by DuDe | December 21, 2009 12:46 PM
Posted on December 21, 2009 12:46
I agree, if the 3400 headcount is accurate this really isn't a big deal. Sucks if you work for them, but layoffs like that happen all the time.
Posted by thetruth | December 21, 2009 12:47 PM
Posted on December 21, 2009 12:47