Monday, December 21, 2009

Spyker Still Wants Saab

Saab is still alive...barely.

Nelson D. Schwartz of The New York Times reports:
Spyker Cars, the tiny Dutch automaker that is seeking to buy Saab from General Motors, extended its offer Monday for the beleaguered Swedish company, keeping alive hopes that Saab will survive despite G.M.’s threat to shut it down.

G.M. rejected Spyker’s first offer for Saab on Friday, but Spyker returned Sunday with a new proposal that had been set to expire at 5 p.m. Monday. Two hours before the offer was set to expire, however, Spyker said it was still in effect.


No comments:

Post a Comment

Thanks for commenting. I moderate comments, so it may take a while for your comment to appear. You might enjoy my book about Flint called "Teardown: Memoir of a Vanishing City," a Michigan Notable Book for 2014 and a finalist for the 33rd Annual Northern California Book Award for Creative NonFiction. Filmmaker Michael Moore described Teardown as "a brilliant chronicle of the Mad Maxization of a once-great American city." More information about Teardown is available at www.teardownbook.com.