Spyker Planning to Buy Saab?
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The two sides refused to comment on the report but General Motors confirmed in a statement that it is holding talks with various parties.
Koenigsegg Group, who was believed to be the new Saab owner, decided last month to pull out of the deal and leave General Motors decide the fate of the company. In a release rolled out today, the US-based manufacturer revealed that several other companies have already expressed their interest in Saab but, in case no agreement is reached by the end of December, the brand will be phased out.
"The Board will evaluate potential bids between now and the end of December. At that time, we will determine whether a suitable arrangement for Saab exists. If not, we will begin an orderly wind down of the global Saab business at that time," the statement reads.
If we are to trust the rumors, Spyker submitted a bid to Deutsche Bank to take control of 100 percent of Saab. However, BAIC, the Chinese entity that partnered with Koenigsegg for the Saab deal, is also looking at the deal but it might only acquire certain assets of the Swedish brand. If this scenario becomes reality, Spyker plans to leave negotiations as it only wants full control of the company.
Still, nothing is confirmed at this point, so more details will probably be released in the next few weeks.
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