general motors saab

Although GM has received several last-minute offers  to save Saab, the Americans decided to send the Swedish brand in liquidation.
The Swedish automaker maker Saab has been put into liquidation today, despite the last-minute offers that General Motors received for the Northern manufacturer. The information was made public by the Saab’s main workers union.
“Today, Saab Automobile’s board has decided on the liquidation of the company. GM is taking an additional step in the winding up of Saab,” said Stefan Loefven, head of the IF Metall union, which has a syndic in that the Swedish automaker’s board.
Swedes harshly criticize GM’s attitude, which had confirmed today that they received several offers to sale Saab. “It is irresponsible of GM as an owner to go in two directions, both pursuing the sale (of Saab) and the winding up,” Loefven said, quoted by AFP.

Among the parties interested in Saab take over there were Dutch supercar maker Spyker and a
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Bernie Ecclestone is behind the offer made by Genie Capital investment fund for the purchase of General Motors’ Saab.
Spyker is in talks with the Americans from GM these days for buying Saab, but the Dutch automaker was forced to improve their offer because of a last minute surprise appearance of an investor.
Genie Capital investment fund announced it is interested in acquiring Saab with a few minutes before the deadline imposed by General Motors. However, the Swedish press reports that behind the offer made by Genie Capital is Bernie Ecclestone (pictured), F1 commercial rights holder.
Led by businessman Gerard Lopez, Genie Capital hopes to complete the transaction with the American automaker as soon as possible. “Tremendous brand value in a number of key automotive markets, as well as an innovative image. We would aggressively work towards a successful closing of the transaction with all the relevant stakeholders of the company,” it is said in
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After Swedish carmaker Koenigsegg dropped it’s bid for Saab, like we already informed you, a second chance arises for General Motors to sell the brand. This might mean a stop to GM’s problems in selling (to be read: gettin` rid of) the former Swedish brand. But who is the buyer?
That would be Spyker Cars, a half hand-made half customized all luxury car maker from Holland. A Spyker carmaker existed from the 1880s, but this rreborn company was founded by Victor Muller and Maarten de Bruijn in 1999, and since 2000 has been building exclusive sports cars like the C8 and the C8 Laviolette. Spyker’s history of producing airplane engines is reflected in details in these new cars as well as in the logo.
Did Spyker make a deal already to GM for Saab? Hard to tell, but we do not hey seem interested. A spokesman for Spyker said the Dutch auto
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General Motor’s sale of Saab seems to be hitting more and more problems as it sinks deeper. We already posted you on its pending, 90%-official sale of Hummer to Sichuan Tengzhong Heavy Industrial Machinery. This important sale awaits only Chinese government approval for the sale of its luxury offroad brand, rumored to be worth $150 million to GM. Tuesday morning, CEO Fritz Henderson announced that Koenigsegg Group AB (the investment group that owns Koenigsegg Automotive) has ended talks to buy Saab from GM. Beijing Automotive Industry Holdings, better known as BAIC, kicked investment into the deal late in the game, though Koenigsegg Group would have had 100 percent control over Saab.

And there lies the likely reason that Koenigsegg called off the negotiations. It probably had trouble raising sufficient funding to convince the government of Sweden it could sustain Saab for more than a few years. Henderson expressed his
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