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GM and Saab News: Talks continue

General Motors (GM) will not be liked by Saab staff, as the U.S. automaker are still going ahead with the shut down. However, they have said that they will still continue to listen to takeover bids for the troubled Swedish carmaker. Recent reports suggest an extension to the deadline, but GM has yet to confirm this.

According to The Daily Star, General Motors had said that they would give potential bidders up until Thursday, January 7 to help come in and save Saab. There have been a number of proposals already, but GM need to sit down and take a closer look at them first.

General Motors had been in talks with Dutch carmaker Spyker Cars, but they were unable to reach a deal. We reported back in June that there had been two rival bidders, Koenigsegg and Renco Group. Sadly both bids failed so was back to the drawing board.

According to swedishwire.com, Saab enthusiasts are upset and have urged GM to reach a deal, hoping that the 70-year old automaker will be saved. Saab is just the latest casualty in General Motor’s portfolio; they have already dropped Buick, Cadillac, Chevrolet and GMC. There does not seem to be much hope for Saab, unless GM finds a serious bidder for the brand.

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Written by Peter Chubb

Peter has been writing on Product-Reviews since 2007 and in that time much has changed for him, like his hair having more grey than brown now. He loves gadgets and cars, and gets excited when big events come up, such as CES and the big auto shows.

Contact Peter Chubb: [email protected]

He started out working in a factory and dreamed of the day when he could become his own boss; That happened back in 2002 and he has never looked back since. Things have changed so much on the Internet in that time, but he has adapted well.

Contact Peter Chubb: [email protected]

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