A Status Update On Bids To Buy Saab Automobile

Posted on 11. Jan, 2010 by in 2010-2019

There has been a lot of news surrounding the statement that GM posted this past Friday, however there have been no official statements on the 4 bids themselves, only rhetoric the media is picking up.

That being said, there have been a lot of GM executives saying that Saab is winding down, etc. but we have not heard anything public from the bidders themselves with regards the responses to their bids. The reason behind this is that these bidders, have not received any responses yet about their bids, in terms of whether or not they have been approved or not approved. As of now, both Spyker Cars & Merbanco indicate that their bidding review process continues. That is very good to hear!

As we continue the waiting game here along with the bidders, we must try hard to ignore the media rhetoric and allow for an official statement from each bidder when they receive a response from GM. Then and only then we can fully understand the future of Saab Automobile.

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