The Saab Brand Stays Alive... For Now

By Seow Yaohan | December 21, 2009
The Saab Brand Stays Alive... For Now

Despite General Motors' announcement that the Saab brand is dead, which must have brought a couple of Swedish tears, it seems the end is not quite finalised just as yet. Dutch supercar manufacturer Spyker, which had an official bid on the table before GM's sudden announcement, has made a last-ditch offer, days before December 31, the GM-set deadline for shutting down Saab.

GM sold parts of Saab to Beijing Automotive Industry Holding Co. (BAIC) for USD 197 million (RM 677 million) last week. However, according to GM, the Spyker deal requires far too much time just to complete the necessary due diligence. With the latest offer, which is only valid until 5pm EST on December 21, Spyker CEO Victor Muller hopes to address the relevant issues, with the aim of gaining access to Saab’s global dealer network, production facilities and R&D centers.

This is in spite of the fact that Spyker has not been profitable since a revamp in 2000, made worse by the current economic climate which makes accessing credit for the takeover hard. For now, stay tuned as the Saab saga reaches its climax!

AboutSeow Yaohan
Seow Yao Han strives to bring you the latest and the most comprehensive information on cars available in Malaysia. But it's never easy for him to talk and write cars in this part of the world because what you lust after is often not what you drive home. When the euphoria of test-driving that branded, super-expensive sports car dies down, he just goes home in his less-than-glamorous ride.

Research Saab Cars



Latest Galleries

2014 Range Rover Hybrid Long Wheelbase gallery
2014 Volvo S60L PPHEV Concept Car gallery
2014 Rolls-Royce Pinnacle Travel Phantom gallery
2014 Honda Concept B In Beijing gallery
2014 Toyota Corolla And Levin At Beijing Auto Show gallery
2014 Chevrolet Cruze In Beijing gallery
2014 Suzuki Concept Alivio At Beijing Auto Show gallery
2014 Nissan Lannia Concept In Beijing gallery
2014 Nissan Lannia Concept gallery
2014 VW Golf Edition At Beijing Auto Show gallery
2014 Beijing BMW Vision Future Luxury Concept gallery
2014 Mercedes-Benz Concept Coupe SUV In Beijing gallery
2014 Nissan X-Gear Tuned By Impul Full Review gallery
2014 MINI Cooper S Paceman Facelift In Beijing gallery
2014 Volkswagen Touareg Facelift At Beijing Auto Show gallery

Most Researched

Price    :   from RM73,200
Rating :  
Price    :   from RM55,328
Rating :  
Price    :   from RM83,573
Rating :  
Price    :   from RM64,887
Rating :  
Price    :   from RM65,888
Rating :