Spyker Planning to Buy Saab?

Dutch sports carmaker Spyker Cars NV is believed to be the latest party interested in taking over the Swedish ailing manufacturer Saab. Spyker and its Russian owner, Converse Bank, have already submitted a bid to acquire Saab, Autonews reported today citing sources close to the matter.

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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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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