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Saab to Resume Production
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Posted by scandi1 (more from scandi1) on Wed, 30 Dec 2009 05:14:54 Share Post by Email
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AMSTERDAM (Reuters) – General Motors Co. has dropped a Dec. 31 deadline for bids for Saab, which will restart some production lines in January after a holiday period shutdown, Saab said today.
GM had given itself to the end of this month to consider bids for money-losing Saab while continuing a process to wind down the company, which has drawn interest from Dutch luxury carmaker Spyker Cars and others.
"We are preparing the wind-down process. At the same time we are open to options, to bids that come in. Therefore the deadline has also been dropped," Saab spokesman Eric Geers said.
Saab will restart some production lines again in January for its new 9-5 model and cabrio, Geers said.
"We have the orders and we have to deliver them as usual. We also have the orders for the 9-3 and others. The factory has to continue again," Geers said.
GM was still in talks with potential bidders for its Swedish unit but Geers only named Spyker Cars and declined to talk about other parties.
Merbanco Inc., a Wyoming-based group, has been named in the media as another Saab bidder.


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