GM makes last ditch effort to save Saab

Posted on Jan 1, 2010 by

2010 Saab 9-5 may not be dead quite yet.

Only a couple of weeks after announcing that it would wind down Saab’s operation, following the failure of talks to find a buyer for the ailing marque, has cancelled the December 31 bid deadline in a desperate attempt to save it.

GM will continue to accept bids from companies interested in acquiring Saab, which may also include a revised bid from Spyker. The decision also leaves room for the Swedish government to make an attempt to rescue its national brand in case all else fails. Chinese carmakers are also expected to bid for Saab again.

Saab’s spokeperson Eric Geers told Reuters, “We are preparing the wind-down process. At the same time we are open to options, to bids that come in. Therefore the deadline has also been dropped.”

He also revealed that Saab would reopen production lines in January for the 2010 and the current 9-3 Cabrio.

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