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Spyker to Make Final Saab Offer on January 7

The last effort to save Swedish brand Saab from General Motor's axe will be made by Spyker on January 7, as Victor Muller, Spyker's CEO said according to Reuters. This final bid would make for the third – and probably last – attempt by Spyker to take over Saab.

"We have gotten time for a final offer. Nothing has been rejected," Mullen told Reuters. He was backed by Paul Akerlund, Saab union representative, who said that GM had given those interested time until Thursday to make their final offers. "GM hasn't closed any doors," Akerlund said.

It's not clear what the re-revised offer for Saab states. The last details of the proposed deal, as they surfaced on December 22, were that Spyker's bid includes a revised ownership structure and sets aside Spyker's need to get a loan approval from the European Investment Bank (EIB).

In addition, Spyker outlined at the time the benefits both of the companies will enjoy if they become one. Muller said that "the synergies are very, very clear," as Spyker would benefit from Saab's technical resources and distribution network, while Saab could grow on Spyker's "entrepreneurial skills."

"Our efforts are based on our passion for saving an iconic brand that we would be honored to shepherd, and the jobs and livelihoods of thousands of loyal Saab employees, suppliers and dealers around the world. Some 1,500,000 Saabs are on the road today and their proud owners would no doubt welcome the survival of this phenomenal brand," Mullen said prior to the second deadline, on December 31.
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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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