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Automotive Consumer
AUTOS: Back From Brink, Saab Gets New Offers
GM gets updated inquiry from Spyker as well as Chinese firms after Friday's sale negotiations collapsed.
Saab stepped out of the shadows as new offers were made for the struggling brand. (Photo: Saab)
Stop the funeral; there might be life left in Saab yet.
Several new offers have been made to General Motors for the Swedish automaker since Friday, when GM announced that it would close down Saab after sales negotiations with Spyker Cars collapsed.
Spyker has also returned as one of the suitors, submitting a new offer today that it says addresses all the issues that caused last week’s talks to break down, according to a report by Automotive News.
GM has set a Dec. 31 deadline before it pulls the plug on Saab.
Last month, long-term talks to sell the brand to Swedish sports-car builder Koenigsegg failed. Spyker of Holland, a similar niche maker of exotic sports cars, stepped in with its offer a short time later.
Media reports say that Chinese manufacturers have shown an interest in acquiring Saab since Friday, including Beijing Automotive Industry Holdings Co., which purchased some of Saab’s assets last week and plans to produce the current generation 9-5 in China.
In a terse statement today on its media website, GM acknowledged the renewed interest in Saab, which the Detroit automaker has owned for the past 20 years.
“Following Friday's announcement that GM will begin the orderly wind down of Saab, GM has received inquiries from several parties,” GM said on its website. “We will evaluate each inquiry. We will not comment further until these evaluations have been completed.”
GM has been sloughing off brands since it emerged from bankruptcy this summer. Pontiac will be closing, as well as Saturn after sales talks with Penske Automotive broke down in September.
Talks continue to sell Hummer to a Chinese heavy-equipment manufacturer, while the fate of Saab continues to rise and fall.
GM will continue as a leaner operation, with Chevrolet, Cadillac, Buick and GMC remaining.
Several new offers have been made to General Motors for the Swedish automaker since Friday, when GM announced that it would close down Saab after sales negotiations with Spyker Cars collapsed.
Spyker has also returned as one of the suitors, submitting a new offer today that it says addresses all the issues that caused last week’s talks to break down, according to a report by Automotive News.
GM has set a Dec. 31 deadline before it pulls the plug on Saab.
Last month, long-term talks to sell the brand to Swedish sports-car builder Koenigsegg failed. Spyker of Holland, a similar niche maker of exotic sports cars, stepped in with its offer a short time later.
Media reports say that Chinese manufacturers have shown an interest in acquiring Saab since Friday, including Beijing Automotive Industry Holdings Co., which purchased some of Saab’s assets last week and plans to produce the current generation 9-5 in China.
In a terse statement today on its media website, GM acknowledged the renewed interest in Saab, which the Detroit automaker has owned for the past 20 years.
“Following Friday's announcement that GM will begin the orderly wind down of Saab, GM has received inquiries from several parties,” GM said on its website. “We will evaluate each inquiry. We will not comment further until these evaluations have been completed.”
GM has been sloughing off brands since it emerged from bankruptcy this summer. Pontiac will be closing, as well as Saturn after sales talks with Penske Automotive broke down in September.
Talks continue to sell Hummer to a Chinese heavy-equipment manufacturer, while the fate of Saab continues to rise and fall.
GM will continue as a leaner operation, with Chevrolet, Cadillac, Buick and GMC remaining.
The Lyonheart K
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