SA Car Fan SA Car Fan

article

Forumla One

The Latest Car News, Car Reviews, Road Tests, Auto Industry News and Car Videos, Updated Daily

Tag Archive | "forumla one"

Tags: bernie ecclestone, forumla one, general motors, genii capital, gm, gm europe, saab, saab sale, spyker, spyker cars, victor muller

Spyker Continues Talks With GM Over Saab

Posted on 19 January 2010 by Scott Hayes

Spyker Cars CEO, Mr Victor Muller, said yesterday that the group was still in talks with GM over a decision to purchase Saab.

Mr Muller gave no indication of when a deal might be clinched with Saab’s future hanging in the balance after GM nominated two ‘wind-down supervisors’ last week. The strange move came at the same time GM announced it was still considering bids for Saab. Mr Muller also said that it was “unclear when we will be done”, but did not say whether GM had imposed a deadline for a deal to be sealed.

A GM Europe spokesman had earlier said that GM was still in talks about Saab, but did not say whether GM was talking to one or several buyers. The talks between GM and Spyker, a Dutch maker of luxury sports cars, came after more than 500 Dutch Saab enthusiasts rallied on Sunday in support of the brand.

Mr Muller denied reports of a joint bid for Saab with another bidder, the investment company Genii Capital, whose offer is backed by Formula One boss Bernie Ecclestone.

Via CarAdvice

Comments (0)

Follow SACarFan on Twitter

Copyright © SACarFan.Original News Theme by .

The Visitor, (defined as: each person who establishes a connection for access to and use of SACarFan.co.za), expressly agrees that use of SACarFan.co.za is at Visitor's sole risk. Neither SACarFan.co.za, its affiliates nor any of their respective employees, agents, third party content providers or licensors, warrant that SACarFan.co.za will be uninterrupted or error free; nor do they make any warranty as to the results that may be obtained from use of SACarFan.co.za, or as to the accuracy, reliability or content of any information, service, or merchandise provided through SACarFan.co.za. From time-to-time, the activities shown on SACarFan.co.za may be of a dangerous nature. SACarFan.co.za does not endorse the activities shown and described on this site nor does it encourage Visitor's to engage in such activities. Visitor's who choose to do so, are doing so entirely at their own risk and hereby indemnify SACarFan.co.za of any and all liability, claims demands, actions or causes of action against SACarFan.co.za, its developers and any related entities.