Sweden to Help Saab's Abandoned Workers
Details are yet to be decided but, in case GM doesn't reach an agreement with Spyker or other interested suitor and proceeds to killing the brand, the Sweden government would be looking into ways to redirect $75 million to those affected by the move.
"We hope, naturally, that even if it is a very, very slim thread of hope, there is a chance of finding some kind of solution to the question of Saab," Swedish enterprise minister Maud Olofsson told a news conference according to just-auto.com.
"It is very late, there is a very tight timetable and that means the situation is very difficult," she explained. "We should be careful about fueling new hopes in a situation where the people in Trollhattan, and at Saab and their subcontractors are thrown between hope and despair," Swedish prime minister Fredrik Reinfeldt added.
At this time, Saab's future is still at risk, but GM is considering a bid submitted by Spyker during the weekend.
“We have made every effort to resolve the issues that were preventing the conclusion of this matter and we have asked GM and all other involved parties to seriously consider this offer,” said Spyker CEO Victor R. Muller. “We are very confident that our renewed offer will remove the impasse that was standing in the way of an agreement on Friday, and this would still allow us to conclude the deal prior to the expiry of the deadline originally set by GM of December 31st," said Muller.