Dutch Automaker Spyker Submits Bid for Saab
Hopes to keep Swedish car company Saab alive flickered Thursday as Dutch exotic automaker Spyker Cars made another bid to buy the troubled brand from General Motors, but a person briefed on the dealings told The Associated Press that GM remains skeptical that Saab can be saved.
Spyker confirmed in a statement issued Thursday evening that it made the last-minute offer, which came a day after GM's interim CEO, Ed Whitacre Jr., said he was not optimistic about Saab's survival and the Detroit automaker would begin closing factories later in the week.
"We believe the Saab brand has lots of potential and would be keen to close a deal as quickly as possible," Victor Muller, CEO of Spyker, said in the statement.
The statement gave no financial details of the bid, but said Spyker has had a "constructive dialogue" with GM.
GM will review the Spyker bid, and potentially one from another suitor, as well as talk with the Swedish government about possible financing. But it will proceed with phasing out Saab, said the person, who asked not to be identified because the negotiations are private.
GM and Spyker have been discussing Saab over the last month. GM has also heard from other suitors after an attempt to sell the brand to a consortium led by Swedish sports car manufacturer Koenigsegg Automotive AB fell apart in November.
More Industry

World EV Adoption Set to Grow
A new report says the segment, despite recent setbacks in some regions, is poised for acceleration as many countries look to reduce pollution.
Read More →
Black Book: Weekly Market Update
Wholesale automotive auction business stayed steady last week as bidders encountered lower prices, analysts observed.
Read More →
Pricing Transparency Drives Purchase Consideration
An annual study by JD Power found that clear pricing matters to consumers on automaker websites, so much so that it increases their purchase consideration.
Read More →
Black Book: Weekly Market Update
Used-vehicle market depreciation was the prevailing story in the wholesale market last week.
Read More →
Smaller Is Looking Better
A growing number of Americans in the market for a new vehicle are opting for more affordable options, not waiting for market stability to bite the bullet.
Read More →
U.S. EV Market Slowly Stabilizes
U.S. electric-vehicle interest is slowly stabilizing since a major dip in sales after last year's end of the federal EV tax credit, and hybrids remain the leading electrified power train.
Read More →
Global EV Market Entering New Phase
Automakers are making investments to lower battery costs and optimize production to meet changing consumer needs.
Read More →
Black Book Weekly Market Update
The holiday weekend, not surprisingly, put a drag on wholesale automotive activity last week, analysts observed.
Read More →
Auto Affordability in Context
Cox Automotive points out the complex circumstances that have led to eye-popping vehicle prices.
Read More →
Black Book: Weekly Market Update
Automotive auction inventory increased last week, giving choosy bidders even more leeway.
Read More →