Home News Another Supercar Maker Bids for Saab?
Another Supercar Maker Bids for Saab?
Wednesday, 02 December 2009 01:19

According to an article in Automotive News, Dutch supercar manufacturer Spkyer has submitted a bid to GM to buy Saab outright.

Dutch sports car maker Spyker Cars NV and its Russian owner, Converse Bank, on Monday submitted a bid to buy Saab, according to a source familiar with the matter.

The source said said Spyker submitted a written bid to Deutsche Bank seeking to buy all of Saab from GM. The source declined to reveal the amount of the bid.

Spyker currently makes sports cars priced above $200,000. Also, GM's plans for the brand, such as a new 9-4X crossover, “look extremely viable” to Spyker's management, the source said.

Swade over at SaabsUnited received a note from Christopher Johnston, CEO of Wyoming-based private investment firm Merbanco Merchant Banking, indicating that Merbanco is out of the bidding, leaving Spyker, BAIC and Renco in the "known bidders" column. Johnston had been on the record as being extremely interested in purchasing Saab, and had spoken enthusiastically about Saab's future.

"We were disappointed to learn we were not invited to move forward in our efforts for Saab," Johnston said in an email to Reuters.