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Spyker Not Interested in Saab Joint Bid

After reports appearing in the Swedish media suggested that Spyker might be interested in buying Saab together with Luxembourg-based investment firm Genii Capital, CEO Victor Muller denied speculation on the matter. He promptly replied with a "no" when asked by Reuters whether the Dutch company is looking into ways to purchase Saab, giving another hint that he only wants to take control of the Swedish unit on its own.

Genii Capital, which also wants to purchase Saab, has already submitted an offer to General Motors and repeatedly said it has the necessary funding to take control of the company. However, up until now, GM refused all the offers and continues winding down the brand.

Last week, it appointed AlixPartners to handle the process and even named two supervisors to replace Saab's CEO and the board of directors for a smoother process. Meanwhile, it is still considering any offers that might arrive in its mailbox, but none of the ones received until now are perfectly matching its requirements.

"Stephen Taylor and Peter Torngren have been officially appointed by the appropriate authority in Sweden as wind-down supervisors of Saab and in this role they will jointly replace the CEO and board immediately. They will meet with management, unions and other stakeholders, and will start working on a plan for an orderly wind down," General Motors said in a statement last week.

"As stated previously, the wind-down process is expected to take several months, and will ensure that employees, dealers and suppliers are adequately protected. Also as stated previously, Saab customers can be assured that warranties will continue to be honored and that service and spare parts will continue to be available."
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About the author: Bogdan Popa
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Bogdan keeps an eye on how technology is taking over the car world. His long-term goals are buying an 18-wheeler because he needs more space for his kid’s toys, and convincing Google and Apple that Android Auto and CarPlay deserve at least as much attention as their phones.
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