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January 5, 2010

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Spyker works to file Saab bid

DUTCH luxury car maker Spyker Cars is working on its final offer for General Motors' Saab assets and will file its bid by a Thursday deadline, Spyker's CEO said yesterday.

Swedish daily Dagens Industri yesterday said Spyker Cars would revise its bid for GM's loss-making Swedish car maker Saab for a third time to address GM's criticism of its current offer.

"We have gotten time for a final offer. Nothing has been rejected," Spyker CEO Victor Muller told Reuters.

Muller said he would file an offer by a deadline that would expire on Thursday, but he declined to give details.

Saab said last week that GM had extended a deadline that expired last Thursday to accept bids for the Swedish car brand. Saab said there were several potential bidders but it refused to give names, except for Spyker.

Paul Akerlund, Saab's union representative, said GM had given until Thursday for bids and would wind down the firm.


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