Since the collapse of the deal between Koenigsegg and General Motors, the future of the Saab brand seemed to be in serious jeopardy. However, in a statement released this afternoon, General Motors confirmed that there are other parties interested in the Swedish automaker. Unfortunately, GM’s recent financial constraints have put a tight timetable on these new developments. As a result, GM will evaluate the supposed bids until the end of December and if an agreeable arrangement has not reached in that time, GM will “begin an orderly wind down of the global Saab business.” GM’s ownership has kept Saab a low-volume (aka expendable) brand. Hopefully, Saab can stay alive despite its current predicament. Check out the full statement from GM below.
DETROIT – The GM Board of Directors has received expressions of interest in Saab since the conclusion of negotiations with Koenigsegg Group AB. The Board will evaluate potential bids between now and the end of December. At that time, we will determine whether a suitable arrangement for Saab exists. If not, we will begin an orderly wind down of the global Saab business at that time.
Due to non-disclosure agreements, we will not confirm or comment on any potential transactions or other matters unless, and until, we determine that disclosure is appropriate.
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Read more about the Saab-GM drama right here at Import RPM.
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