Formula One’s overlord has teamed up with a Luxembourg private investment company to submit a bid to GM to buy Saab. But does the General think the bid's credible?
We've put together this very unofficial poster for today's SaabHistory S.O.S. (Sell Our Saab) rally in downtown Detroit. Let us know in the comments below if you're coming. Don't have a commenter account? Now's a good day to sign up.
While on your way to Detroit to save Trollhättan from the bean-counting trolls, you might as well brew a grande latte, adopt left-wing politics and raid the 80s closet for clothes.
This morning, a day after we reported GM's keeping options open on Saab beyond December 31st, Automotive News reports GM will restart some production lines in January including the 2010 Saab 9-5. So Saab's alive. For the moment anyway.
Here's the lyrics:
A Saab board member claims GM's extending its deadline to make a decision on whether Saab's dead until next week while it reviews remaining bids. Quick! Shoot it in the head before it bites another brand! [BusinessWeek]
Folks at Saab of Milford — the "world's largest certified pre-owned Saab dealer" — are calling it. Spyker's bought Saab. Hell, they're even e-mailing customers letting 'em know it's a done deal. Hmm, yeah, that's gonna be a fun retraction.
Spyker says it has extended the expiration of its randomly-imposed 5PM Saab offer deadline. [CNBC]
Anand Mahindra, of Indian truck manufacturer Mahindra, recently tweeted a question indicating his interest in Saab and asking followers their opinion of the brand. Curried gravlax? Delicious. But wait — when did Twitter become how businesses do due diligence?
A really sad side effect of Saab's probable demise? Life for ultra-dumb car thieves has just gotten a little easier.
GM announced Friday a deal with Spyker on Saab couldn't be concluded by Dec. 31st. Spyker raised its offer yesterday, giving GM an evaluation deadline of 5:00 PM EST tonight. Reports also claim they're no longer the only interested party.
Geo… Oldsmobile… Saturn… Pontiac… and now the Saab marque has landed on The General's Death Row. But don't worry- that won't stop the
scary-ass Saab zealots devoted Saab aficionados who race at the 24 Hours Of LeMons!
GM shouldn't bring out the dead just yet. Swedish national papers are reporting Spyker's making a last-ditch attempt to purchase Saab and prevent the brand from getting irrevocably Börked. Now GM's saying it's weighting options.