General Motors Company announced today that it has selected AlixPartners to supervise the wind down of Saab and has requested approval of the selection by the appropriate authority in Sweden.
“The wind down process is expected to take several months, and will ensure that employees, dealers and suppliers are adequately protected,” GM said in a statement. “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 also said that it has received several bids for Saab and will continue to evaluate the proposals.
Among the remaining bidders is Spyker and Genii Capital, who has partnered with Formula One supremo Bernie Ecclestone for the bid.
– By: Omar Rana