GM Confirms Saab Negotiations with Interested Parties
Asked in a webchat about the current state of Saab's negotiations, Whitacre said that GM is indeed negotiating but doesn't intend to exceed the end-December deadline for making a decision on the matter.
"We're in negotiations with a couple of interested parties. We've got a deadline for the end of the month and we'll let you know how it went," he said in the statement.
Since there are no confirmed details on the interested entities, we'll go the rumor way as some sources close to the matter are claiming that Chinese carmaker BAIC and Spyker are both interested in taking over Saab.
However, it appears that BAIC has different plans when it comes to Saab. If we are to trust the rumors, the Chinese intends to buy only certain assets belonging to the Swedish manufacturer and let GM decide what to do with the rest. Basically, the US-based carmaker would have no other option than to close Saab, leaving BAIC control the purchased assets.
On the other hand, Spyker is looking into ways to purchase the entire company, with some voices claiming that it would scrap plans to purchase Saab unless it doesn't receive full ownership of the brand.