Friday, January 1, 2010

GM Extends Deadline for Saab Bidders, 2010 9-5 Sedan Production to Restart

General Motors has dropped a December 31 deadline for Saab bids and will soon restart production of certain models to the pleasure of the Swedish brand's employees, dealers, interested buyers and of course, the automaker's fans. However, this doesn't mean that GM will not be closing down the brand if it doesn't find a suitable buyer.

"We are preparing the wind-down process. At the same time we are open to options, to bids that come in. Therefore the deadline has also been dropped," said Saab spokesman Eric Geers.

Reuters reported that Spyker CEO Victor Muller said in a text message that GM had extended the deadline for a final offer from the small Dutch supercar maker until January 7 adding that he believes there are other bidders also interested in Saab.

In addition, Saab announced today that, following a holiday shutdown, it will restart production in January for its all-new 2010 9-5 sedan and 9-3 Convertible models.

"We have the orders and we have to deliver them as usual. We also have the orders for the 9-3 and others. The factory has to continue again," Geers said.

Via: Reuters

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