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Last-minute Dutch bid for Saab
The closure of the Swedish car firm would put thousands of jobs at risk [AFP]
Dutch specialist automaker Spyker Cars has submitted a revised last-minute offer to buy the Saab car firm from General Motors, offering hope that thousands of jobs could be saved.
The offer on Sunday follows an announcement from GM that it would begin winding down the Swedish firm after failing to find a buyer.
GM has said it is evaluating the new Spyker bid, having rejected an earlier offer from the firm.
January 27, 2010 (Bloomberg) --
General Motors Co., by reaching a $500 million deal yesterday to sell its Saab division to Spyker Cars NV, has moved closer to fulfilling Chief Executive Officer Ed Whitacre’s pledge to pay back government loans by June.
Saab Automobile Produces its First Convertible in Sweden
GM Seals Saab Deal, Advances Pledge of Loan Payback
Saab may become the first brand GM sells since emerging from a U.S.-backed bankruptcy on July 10. Arrangements to sell its Opel and Saturn units fell through, as did earlier negotiations over the Swedish brand.