Spyker and GM in last ditch Saab talks
AFP/The Local · 21 Dec 2009, 17:52
Published: 21 Dec 2009 17:52 GMT+01:00
- Unions urge GM to review new Saab bid (21 Dec 09)
- Spyker renews Saab bid (20 Dec 09)
- Saab: 60 years of love, debt and tears (18 Dec 09)
"GM is holding new meetings with representatives for Dutch sportscar maker Spyker in Stockholm today," Swedish public radio reported on its website.
Spyker announced its renewed bid on Sunday, two days after GM broke off talks with the Dutch group and said it would begin winding down the iconic loss-making brand.
Spyker's new bid was to expire at 11pm CET on Monday.
"An announcement about the negotiations could be made during the day," Swedish radio said.
It said one of the main reasons GM had resumed talks with Spyker was that the Dutch group had addressed GM's hesitations over Spyker's Russian investors.
Swedish daily Svenska Dagbladet reported earlier on Monday that Spyker's main investors, Vladimir and Alexander Antonov, were no longer behind the Dutch group's bid for Saab.