Spyker Confirms Interest in Saab

Following the rumors which surfaced yesterday and which claimed that Dutch sports car maker Spyker is eyeing a possible bid for Swedish car maker Saab, the Dutch have confirmed the story in a brief statement.

"In response to market enquiries, Spyker Cars confirms that it, together with its shareholder Convers Group, has expressed an interest in Saab Automobile AB. If and when we are able to comment further, we will do so but we are unable to provide more information at this time."

The need for a new bidder for Saab surfaced after Koenigsegg Group, the ones with whom GM already signed a Memorandum of Understanding, decided for unknown reasons to give up the acquisition.

Spyker's interest does not however guarantee the success of the acquisition. According to both GM and Saab, there are no less than 27 bidders battling for the Swedish car maker.

"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," GM said in a statement earlier this week.

"Due to non-disclosure agreements, we will not confirm or comment on any potential transactions or other matters unless, and until, we determine that disclosure is appropriate,"

Earlier today, Saab apparently sold the 9-5 production line to Chinese manufacturer BAIC. According to Jan-Ake Jonsson, Saab CEO, "Beijing Automotive is an opportunity for us to establish ourselves in the Chinese market with their experience."
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About the author: Daniel Patrascu
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Daniel loves writing (or so he claims), and he uses this skill to offer readers a "behind the scenes" look at the automotive industry. He also enjoys talking about space exploration and robots, because in his view the only way forward for humanity is away from this planet, in metal bodies.
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