Spyker to file final Saab bid

Dutch luxury car maker Spyker Cars is working on its final offer for General Motors' Saab assets and will file its bid by a January…

Dutch luxury car maker Spyker Cars is working on its final offer for General Motors' Saab assets and will file its bid by a January 7th deadline, its chief executive said today.

Swedish daily Dagens Industri said on Monday Spyker cars would revise its bid for GM's loss-making  car manufacturer Saab for a third time to address GM's criticism of its current offer.

"We have gotten time for a final offer. Nothing has been rejected," said Spyker CEO Victor Muller.

Mr Muller said he would file an offer by a deadline that would expire on January 7th but he declined to give details.

Saab said last week General Motors had extended a deadline that expired on December 31st to accept bids for the Swedish car brand. Saab said there were several potential bidders but it declined to give names, except for Spyker.

Paul Akerlund, union representative at Saab, said GM had given until Thursday for bids and would go ahead with its wind-down process.

"GM hasn't closed any doors" Mr Akerlund said.

Reuters