In a final attempt to rescue Saab Automobile AB, Dutch automaker Spyker Cars submitted a new offer Sunday to buy the Swedish brand from General Motors Co.
Spyker said it has submitted a new 11-point proposal to GM, addressing the issues that made talks collapse earlier this week.
GM on Friday said it would wind down Saab because issues arose during the sales talks with Spyker that could not be resolved, and the window of time to complete a deal was small.
Spyker CEO Victor Muller said he hoped the new offer would make GM change its mind.
“We are very confident that our renewed offer will remove the impasse that was standing in the way of an agreement on Friday, and this would still allow us to conclude the deal prior to the expiry of the deadline originally set by GM of Dec. 31,” he said in a statement.
“We have made every effort to resolve the issues that were preventing the conclusion of this matter and we have asked GM and all other involved parties to seriously consider this offer,” he added.
Muller said the new offer removes a demand that a loan from the European Investment Bank to Saab be approved before the end of the year, and has the full backing of Saab’s management.
It said the offer expires Monday, giving GM little time to make a decision, however published reports this afternoon say Spyker is willing to extend the offer past its original 5 pm deadline.
Later Sunday, GM said it had received “inquiries from several parties.”
“We will evaluate each inquiry. We will not comment further until these evaluations have been completed,” it said in a statement.
Saab employs about 3,400 people worldwide, most of them at its main plant in Trollhattan, Sweden.
