Sweden's news in English

Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

Spyker and GM in last ditch Saab talks

Share this article

17:52 CET+01:00
The head of Dutch sports car maker Spyker met with General Motors on Monday afternoon in a final attempt to convince the US auto company to sell Saab Automobile, the iconic Swedish brand facing an imminent wind-down.

"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.

Get notified about breaking news on The Local

Share this article

The Local is not responsible for content posted by users.
Become a Member or sign-in to leave a comment.

From our sponsors

How to work 9-5 and travel the rest of the time

A full-time job shouldn't stop you from satisfying your wanderlust. The Local spoke to Travel After 5 blogger Alline Waldhelm to find out her tips and tricks for travellers who only have 25 days of annual leave.