1 Comment
GM Extends Saab Deadline To January 7, Spyker To Make Final Bid Photo:

Sell your car without the hassle.
Get an instant offer from areyouselling. FIND OUT MORE

Mike Stevens | Jan, 05 2010 | 1 Comment

IN THE ONGOING saga of Saab's life and death, GM has reportedly set a new deadline of January 7 for Spyker to submit a third and final bid for the Swedish carmaker.

Speaking with AOL, Spyker CEO Victor Muller said this week that the company will look to reinvigorate Saab with the 9-4X crossover, a new 9-3 and the upcoming all-new 9-5 sedan and wagon.

Under Spyker's plan for Saab, the carmaker would maintain its existing headquarters, engineering and production facilities at Trollhattan. Except for the 9-4X, which would be built at GM's Mexico plant, all Saab models would be built at Trollhattan.

Should Spyker succeed in its bid, the two companies - GM and Saab - would maintain a close relationship. GM engines and components would be used in the 9-4X, which shares its platform with the Cadillac SRX, and the upcoming 9-5.

Muller was reluctant to offer details on his company's final bid for Saab, telling Reuters than Spyker has been given time "for a final offer" and that "nothing has been rejected".

Paul Akerlund, a union representative at Saab, told industry paper Automotive News this week that while GM had extended its deadline, the process of winding down Saab's operations will continue for now.

Used cars for sale
Looking to buy a ? How about these?
TMR Comments
Latest Comments