GM moving forward with Saab wind-down, will look at inquiries along the way

Most of you are probably hoping to hear something about the future of Saab any day now – well, don’t hold your breath. According to Automotive News, General Motors is continuing with the process of winding down Saab and does not plant to make any announcement regarding a sale of the Swedish brand. GM spokesman Chris Preuss said that “no new Saab deals are imminent with any interested parties.

“At this point, GM has no plans for any further announcements regarding Saab,” Preuss said. “If anything changes or if any new deal or actions arise, we would certainly communicate them, but right now there”s nothing to communicate.”

Last Friday, General Motors announced that it failed to reach an agreement with Spyker Cars for a possible sale of Saab and will start an orderly wind-down of the brand. On Sunday, Spyker said it had renewed its offer to GM and that its new bid would expire at 5 p.m. Monday. Throwing us all into a “oh come on already” frenzy on Tuesday, Spyker’s CEO Victor Muller said that its talks with GM were open-ended and that it will extend its offer until further notice.

GM said that it has received inquiries from other parties as well.

The Detroit automaker’s vice president of corporate planning and alliances said that the wind-down process is expected to take several months and that GM will look at inquiries about Saab during the wind-down process.

– By: Omar Rana

Source: Automotive News (Subscription Required)