Spyker Still in the Race for Saab

Dutch carmaker Spyker is still negotiating the acquisition of Saab, despite the fact that General Motors, the current owner of the Swedish unit, already started winding down the brand. CEO Victor Muller confirmed for Reuters that Spyker continues talks with GM but hasn't mentioned whether the US-based company has imposed a new deadline for an agreement to be reached.

On the other hand, GM is also discussing the sale of Saab with Genii Capital, the Luxembourg-based investment company that recently purchased the Renault F1 division, but once again, no timeframe for a decision has been set.

Recent reports indicated that Spyker and Genii Capital could launch a joint bid that would better fit GM's requirements but such a possibility was promptly rejected by Muller.

Meanwhile, General Motors continues winding down Saab and the company has already appointing AlixPartners to supervise the process. Additionally, it appointed two supervisors to replace Saab's CEO and the board of directors for a smoother process.

"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," GM said in a statement last week.

In the meantime, Saab's supporters are protesting against GM's decision to scrap the brand and organized a demonstration on Monday to show their support for the Swedish unit. Approximately 500 Saab enthusiasts participated in a tour in Sweden, according to various media reports.