Spyker still hoping for Saab

21/12/09 20:04 CET

corporate

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Shares in Spyker soared over 17 percent on Monday after the Dutch luxury carmaker announced a fresh attempt to buy Saab from General Motors.

Its renewed fast-track offer – just days after previous purchase talks collapsed – has reportedly been modified to address GM’s concerns.

Swedish government officials and Saab executives have been holding crisis talks about the threatened closure.

As many as 7,000 workers at Saab and its suppliers would lose their jobs.

The Swedish prime minister has said that with this new talk of a deal there is a danger those people will be “bounced between hope and despair.”

Spyker said its new offer eliminates the need for a
European Investment Bank loan approval prior to year end, meaning a deal could be concluded before GM’s 31 December deadline.

General Motors has said it is evaluating several new expressions of interest for Saab.

More about: Car industry, General Motors

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