GM Confirms Saab Negotiations with Interested Parties

Soon after Koenigsegg walked away from the Saab deal, everybody believed that this is the end of GM's Swedish unit, as no other investor was interested, at that time, in buying the company. However, it appears that Saab is more attractive that initially thought as General Motors is currently holding talks with several parties. Unfortunately, their names are yet to be disclosed but GM's interim CEO Edward Whitacre confirmed in a statement that multiple companies are interested in a takeover.

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.