GM mulling Saab inquiries with new bid from Spyker

Gasgoo From Reuters

General Motors said on Sunday it would evaluate several new expressions of interest for its Swedish unit Saab, including a fast-track bid from thwarted Dutch suitor Spyker Cars.

Spyker Cars' renewed approach came just two days after last-ditch talks with GM over a rescue of the loss-making Swedish manufacturer collapsed.

On its website, GM said that since Friday's announcement that it would start the orderly wind-down of Saab, it had received inquiries from several parties.

"We will evaluate each inquiry. We will not comment further until these evaluations have been completed," GM said in a statement.

Abandoning the 60-year-old Swedish auto brand would eliminate 3,400 jobs in Sweden and drop 1,100 Saab dealers.

Spyker said on Sunday it has submitted a renewed offer including an 11-point proposal addressing issues that arose during the due diligence process.

"We're very confident we have put forward a proposal that can convince GM in time," Spyker Cars Chief Executive Victor Muller told Reuters in a telephone interview.

"The jury's still out. We will see what happens next."

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