And Then There Was Only One: Spyker Is Now The Sole Bidder For SAAB

"I think it is possible," Whitacre told reporters in a roundtable discussion at the automaker's board room in its Detroit headquarters when asked if he thought the deal could be completed on Saab by GM's month-end deadline.

Whitacre repeated that barring a deal, GM would close Saab. GM had set an end-of-December deadline to find a buyer for the unit after a deal to sell the brand to sports car maker Koenigsegg collapsed in November.

In his first full question-and-answer session with reporters since becoming acting CEO on December 1, Whitacre also said that GM's deal to sell a majority stake in its China joint venture to partner SAIC was decided before he became CEO.

"It was sort of done before I got here," he said, adding that he had met with SAIC's chief executive in Detroit last week and received assurances at that meeting that the nature of the partnership would not change.

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B7FAN - 12/15/2009 11:16:38 AM

+2 Boost

somebody needs to buy Saab that new 9-5 is crazy. I would hate to see it go to waste

fatandsassy - 12/15/2009 2:05:37 PM

+2 Boost

THey need more than the 9-5 to save this company.

B7FAN - 12/16/2009 12:09:05 PM

+1 Boost

The 9-3's were they're biggest seller of course and they still look good but you gotta love the AERO version of it. I think this new 9-5 will get them back on track and the new 9-3 im sure will be hot also because the current one looks great........I am just so glad they got rid of the BULLSHYT chevy trailblazer they try to call the Saab truck. that was trash from day one and one reason why GM is in the position they are in now

mini22 - 12/15/2009 10:00:12 PM

+1 Boost

Unless Spyker has some hidden investors I do not see how they could make a go of it.They've never made any money.