Yes indeed, the Saab saga isn’t over yet. General Motors is still deciding whether or not to sell Saab, although reports seem to think that a decision is near, and now GM is suggesting that they’re hopeful by beginning production of the upcoming 9-4X (Pictured in the spy shot above). Also, Ed Whitacre has become the CEO of General Motors.
The Saab saga continues as reports suggest that Genii and Spyker have united their bids in order to save the Swedish brand from GM. The whole story is far from over and it is said to keep on going until February.
We haven’t done a Car of the Week for some time now, as we’ve been very busy. Now though, the feature is back.
With Saab’s future looking bad, we decided to make a Saab our Car of the Week. The Saab Sonett was an obvious choice, being a brilliant little sports car.
Another party besides Spyker has placed a bid on Saab. This is Genii Capital, the same private-equity group which purchased Renault’s Formula 1 team.
The Swedish government will be holding a meeting with officials from General Motors, and later Ford, to discuss the situation with Saab and Volvo respectively. The meetings will take place sometime next week.
Spyker is having another stab at purchasing Saab, making General Motors yet another offer.
(By the way, this is our first article to use a “Read More” button. It should make a huge improvement in the long run. It makes the home page less cluttered. There’s a summary on the home page, and then you click the button for the full article. Thanks to our friends at FTS Sports Writing for helping us out with that.)
After a long saga on Saab’s future, GM has made a surprise announcement as the American company is set to keep producing the Saab 9-5 and 9-3 Cabrio.
Saab of Milford sent out the above letter to its customers, notifying them that the sale of Saab to Spyker will not affect their customer service. But wait a second, since when has Saab been sold to Spyker?
Spyker has been refusing to say what investor is behind their renewed Saab deal. Now, rumours suggest that it is Dutch billionaire Marcel Boekhoorn.
Originaly, Spyker had set a deadline of 5:00 PM EST today for General Motors to make a decision on their revised deal. Now, Spyker has decided to extend that deadline.