Saab decision delayed

09:31, December 30, 2009      

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General Motors Co is prepared to wait until next week before deciding on the future of the Saab unit as it reviews remaining bids, according to Paul Aakerlund, a Saab board member.

GM told Saab last week that it would wind down the Swedish brand and simultaneously continue talks with bidders about a sale, said Aakerlund, who also heads the IF Metall union at Saab. Talks to sell Saab to Spyker Cars NV collapsed Dec 18 and Spyker Chief Executive Officer Victor Muller blamed the failed deal partly on a "strict deadline" for an agreement by the end of this month. The Dutch carmaker submitted a new offer on Dec 20.

Source: China Daily
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