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GM continue plans to wind down Saab

10th J
anuary 2010

Image Copyright - SaabSaab employees, owners, dealers, suppliers and other stakeholders continue to wait for a favourable decision from Detroit. After talks with Koenigsegg Group AB broke down in November, talks with Spyker and other parties continue. Spyker Cars released a statement on Thursday confirming it had submited a revised offer to General Motors. Reports also surfaced last week linking Bernie Ecclestone to a bid for the swedish manufacturer.

Despite the ongoing discussions surrounding the sale of Saab, GM is continuing with the plan to close Saab.

On Friday, GM confirmed it has selected AlixPartners to supervise the orderly wind down of Saab, and has requested approval of the selection by the appropriate authority in Sweden. The use of a wind down supervisor is a commonly-used process in Sweden and works in the interest of the shareholder.

The wind down process is expected to take several months, and will ensure that employees, dealers and suppliers are adequately protected. As stated previously, Saab customers can be assured that warranties will continue to be honored and that service and spare parts will continue to be available.


More Saab news ..... here

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