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May 25, 2012
Spyker renews Saab bid
Published: 20 Dec 09 14:17 CET | Double click on a word to get a translation
Online: http://www.thelocal.se/23956/20091220/
Dutch sports car maker Spyker has submitted a fresh bid for Saab Automobile despite GM's decision to shut down its Swedish unit.
- Saab closure sad but expected: Swedish media (20 Dec 09)
- No deal with Spyker due to Russian owner (19 Dec 09)
- Saab: 60 years of love, debt and tears (18 Dec 09)
"We have made every effort to resolve the issues that were preventing the conclusion of this matter and we have asked GM and all other involved parties to seriously consider this offer," said Spyker CEO Victor R Muller in a statement.
"We are very confident that our renewed offer will remove the impasse that was standing in the way of an agreement on Friday, and this would still allow us to conclude the deal prior to the expiry of the deadline originally set by GM of December 31st", he added.
Spyker said its offer would remain valid until Monday at 5pm Eastern Standard Time -- 11pm on Monday in Sweden.
"Despite our collective eleventh hour set-back, we are returning to the table with a renewed offer, that addresses every known issue brought to light during the initial negotiations and that has the full backing of the Saab Management," said Muller.
"The new offer eliminates the need for an EIB loan approval prior to year end, for example, which will allow the deal to be concluded within GM's deadline," he added.
General Motors has yet to comment on the new bid.
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If they do not work to accept this new bid, they should be thrown out of Europe and all their assets seized
god jul :)
I can't speak for the rest of the world, but in the US, the car brands that sell (and are profitable) are those that consistently achieve high reliability ratings from organizations like Consumer Reports, etc.
Saab has a reputation for less than reliable vehicles. Many people could overlook reliability (with a good warranty of course!), if Saab continued its unique styling. Saab has been stuck with old platforms and has not impressed in the driving experience.
Sweden's brands are diminishing (the youth here have no idea who ABBA is), so the Swedish government needs to invest in this new endeavor. Who new the Swedes would be outdone by Finland ( Nokia, Linux, etc). Come on Sweden we're pulling for you!! Saab is vital.
Someone once said that an "expert" is someone at least 50 miles from home. If I had listened to rags like Consumer Reports, I would not have bought what has turned out to be the best car I've ever owned: a 1998 Ford Escort ZX2. It's in its 12th years with me, has just passed the 260,000 mile mark, does not use any oil, has the original unrebuilt engine and five-speed transmission, original muffler and suspension, purrs like a kitten, and will get 44 miles per gallon on the interstate. I recently had it repainted, so it looks brand-new. The paint job is the only major expense on this car. I will match it against any set of wheels on the planet, regardless of price or builder.
Has it ever occurred to you that "expert" opinions can be bought and sold?
Trowly - You're 100% correct.
I hope everything is well in your world, Dr Ford. Have a wonderful Jul and a prosperous New Year.
How do you step aside from a company you own? Spyker loses money as Spyker. Nice try, now move along.
First Koenigsegg, now Spycar. Are there any normal people interested?
I own a Saab 9-7x and love it and want to see Saab continue in the future. I would definitely purchase another Saab. I wish Spyker well and hope they are successful in their attempts to purchase Saab. And I would especially like to see Sweden throw their support behing Spyker --- at the same time helping Saab's employees keep a good thing going.
I love reading about how G.M. took all the Good technology out of SAAB , but nobody specifys what that was.
I have Driven and Repaired plenty of SAABs, So far my mid 90s 900 ( Swedish Opel)is a much better car than the Mid 80s or my 90 Cab.
I very much hope that SAAB will be Saved. But How and by Who. If You Swedes do not step in quick it will be gone.
The Economy will suffer to loose those Jobs, of course there is a price to pay for them. Good Luck Trollhaetten