Saab: Still Alive!

This morning we posted that Saab was done. That it wrong. We learnt just minuted ago that Saab is still alive. Swedish national papers indicate that a total 13 points were addressed over the past two days. They also state that GM and Spyker will have until tomorrow evening to decide is Saab stays alive or not. GM and Spyker say they are now working on a final solution before the deadline.

GM’s statement:

Following Friday’s announcement that GM will begin the orderly wind down of Saab, GM has received inquiries from several parties. We will evaluate each inquiry. We will not comment further until these evaluations have been completed.

Spyker’s statement:

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. 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.