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11th Hour Amendments To Saab Bid
* Dec 21st, 2009
Spyker Makes 11th Hour Amendments To Saab Bid
LESS THAN TWO days ago, GM announced it would begin winding down Saab operations after negotiations with Spyker broke down. Spyker has confirmed today that a revised bid has been submitted, addressing GM’s concerns.
In a statement today, Spyker CEO Victor R Muller said that an 11-point proposal has been put together, designed to remove each of the obstacles blocking its purchase of Saab.
“We have made every effort to resolve the issues that were preventing the conclusion of this matter and we have asked GM and all other involved parties to seriously consider this offer,” Mr Muller said.
“We are very confident that our renewed offer will remove the impasse that was standing in the way of an agreement on Friday, and this would still allow us to conclude the deal prior to the expiry of the deadline originally set by GM of December 31st.”
MORE here:
Spyker Submits Renewed Bid For Saab Purchase | The Motor Report: Auto News And Reviews
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Rick
Nitro Year: 2007 (1 of 113,000 sold)
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