subject: Spyker To Make New Offer For Saab Thursday [print this page] Author: airjordan Author: airjordan
"We will make an offer today," Muller said, adding that GM has set a deadline at 2200 GMT and that he is confident the new offer will be accepted. He declined to say how Spyker plans to finance its offer and said that he has "no idea" if Spyker is the only bidder for Saab. In the past weeks, there has been much speculation on how Spyker would finance the deal, as the Dutch car maker has been loss-making ever since it went public in May 2004. cheap gucci shoes The company produced 43 cars in 2008, selling 37 and generating revenue of EUR7.9 million. GM last month rejected Spyker's first attempt to buy Saab due to undisclosed issues that were deemed unsolvable within the previous deadline of Dec. 31. Spyker has said it would come up with a revised offer addressing each of the issues that caused talks with GM to collapse. gucci shoes However, GM Chief Executive Ed Whitacre Wednesday told reporters that a deal to save Saab is unlikely and that the company expects to begin shutting down the Swedish car maker by the week's end. "We said, 'Just show up with the money and you can have it,' and they haven't shown up with the money," said Whitacre. Muller said he wasn't surprised by Whitacre's statement as Spyker needs the time to draw up a bid. "[This is] a very complicated matter, we're working 24 hours a day to make a new bid on time." Spyker emerged as a buyer for Saab after the withdrawal in November of a planned bid by Swedish boutique car maker Koenigsegg Group AB. gucci man shoes Swedish Daily Dagens Industri Thursday reported that two different Swedish groups have sought support from Saab's management to attempt a last-minute management buyout, quoting Joran Hagglund, Swedish state secretary and liaison to the auto industry.About the Author:
