Not So Fast! GM Considers New Last Ditch Offers For SAAB
General Motors said it would evaluate several expressions of interest for Saab, including a new fast-track bid from Spyker Cars NV.
Spyker said on Sunday it had submitted a new offer for Saab, including an 11-point proposal addressing issues that arose during a due diligence process for Spyker's earlier offer for the money-losing Swedish brand that GM wants off its hands.
Spyker's renewed approach came just two days after last-ditch talks over a rescue for Saab collapsed. “We're very confident we have put forward a proposal that can convince GM in time,” Spyker CEO Victor Muller told Reuters. “The jury's still out. We will see what happens next.”
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