Spyker CEO confirms talks ongoing, gives no indication of deadline
19 January 2010

Spyker boss Victor Muller has confirmed he's still in talks to buy Saab from General Motors, but has given no indication of when a deal might be clinched.

GM is currently winding down Saab, but has agreed to continue plans to sell the brand in the meantime.

Muller told Reuters that talks with GM were ongoing, adding it was "unclear when we will be done." He did not say whether GM had imposed a deadline for a deal to be sealed.

A spokesman for GM Europe said GM was still in talks to sellSaab, but did not say whether GM was talking to one or more buyers.

There are believed to be two main bidders for Saab, Spyker and Genii Capital, which includes F1 supremo Bernie Ecclestone as an investor.

However, in recent days Genii Capital's bid is believed to have fallen out of favour with GM. This prompted reports that it might team up with Spyker in a joint deal, but this was dismissed by Muller.

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15

19 January 2010

That doesn't sound like a fat lady singing.

19 January 2010

[quote supermanuel]That doesn't sound like a fat lady singing.[/quote]

Hopefully Spyker can keep feeding her chocolates in the green room until this deal gets signed!

19 January 2010

[quote saaby]Hopefully Spyker can keep feeding her chocolates in the green room until this deal gets signed![/quote]

She wants blood Saaby, not chocolates.

19 January 2010

[quote supermanuel]She wants blood Saaby, not chocolates.
[/quote]

Hey if we give her enough she won't be able to get out of the room! GM are playing a tight game of brinkmanship - it is genuinely difficult to know if this is all just a 'we did our best' charade orif they are in good faith trying to secure the best deal. Part of deal is about looking after 10 years supplies of parts for existing owners - not a trifle, but then again, hardly impossible to manage. I think GM are as you suggest screwing Spyker for every dime and also to retain an open pipeline of technology sharing going forward. Where would GM have been without Saab for the last 20 years when Vaux/Opel didnt exactly excel at safety tests, turbo tech, 4-wheel drive, bio and hybrid.?

19 January 2010

You know if this deal doesn't go through. I think the fat lady has been in that dressing room for so long that she will pass out when she tries to sing. SAVE SAAB SAVE THE FAT LADY.

19 January 2010

[quote WooDz]I think the fat lady has been in that dressing room for so long that she will pass out when she tries to sing.[/quote]

:-)

Enough with the fat lady stuff now.

[quote WooDz]SAVE SAAB[/quote]

That'll do.

19 January 2010

[quote supermanuel]Enough with the fat lady stuff now.[/quote]

Indeed, if Saab were a lady, she would be a svelte, very attractive lady, not your usual model type, a bit different, but all the more stunning for it. And absolutely timeless, regardless of age. In fact Ive described her perfectly, as well as Saab. She would be Agnetha from ABBA.

=D

http://www.agnetha.net/AGNETHA.html

currently a happy owner of a Mitsubishi Shogun Pinin :)

20 January 2010

Didn't she sing: "If I thought you'd ever change your mind!" A song about a female offering and willing to do just about anything to keep/get the man she wanted and sustain/begin a relationship. How appropriate; I imagine GM may be looking for considerably more than, "Winter fruits and summer wine, Sweet perfume and columbine," to satisfy their demands though.

I see the latest wrangling now is over who actually owns the SAAB name/mascot/trademark or whatever. Wasn't this also the case with Rover. It really does seem absolutely ridiculous.

20 January 2010

[quote pdmc]I see the latest wrangling now is over who actually owns the SAAB name/mascot/trademark or whatever. Wasn't this also the case with Rover. It really does seem absolutely ridiculous.[/quote]

It's really not a good sign is it? Childish playground games is what it is.

Brinkmanship my 4rse- complete and utter disrespect for anything and anyone is what it is.

20 January 2010

[quote supermanuel]

Brinkmanship my 4rse- complete and utter disrespect for anything and anyone is what it is.

[/quote]

You're not wrong - this has been the strangest 'sale' process ever - normally you'd expect the seller to talk his product up. But GM,no, they disrespect it to anyone who will listen, which unfiortunatley has included most of the media whoare too lazy to do any original research.

Try this article by the Genii bid leader today - lot of truth in what he has to say:

http://www.saabsunited.com/2010/01/lars-carlstrom-saab-editorial-in-dagens-industri.html

"The prerequisites for Saab has never been better - with a business plan that has very good opportunities to make Saab into a leading automotive company in its niche. It is therefore difficult to understand how something so positive has been able to become so negative in the Swedish media. The analysis has been non-existent and has been based on cutting the Spirit rather than facts.

This whole downward spiral has led to almost have been impossible to attract investors to the Swedish Saab. Investors have taken on the medial and wholly inaccurate analysis has flourished.

Are we in Sweden, the world's least nationalistic people?"

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