GM still has options to sell Saab image

1 December is coming fast – 2 days have left until GM’s Board will meet to decide what they will do with Saab, one of the greatest automaker in our opinion.
Last week we announced that GM could decide to close the entire automaker, which in our opinion is wrong. They will have to fire more than 10.000 workers, if do so!
However, China’s Beijing Automotive (BAIC) and Wyoming-based merchant bank Merbanco have shown renewed interest in perennially cash-poor Saab.
Saab spokeswoman Gunilla Gustavs reportedly told Automotive News that there were 27 suitors interested in the Swedish automaker prior to Koenigsegg becoming the preferred bidder and confirmed that there are now other bidders interested.

“We have a close dialog and close contact with several who have expressed interest in buying Saab Automobile,” Gustavs says.

According to Autoblog, one issue that reportedly derailed the Koenigsegg bid was GM’s reluctance to share its tech for new products like the new Saab 9-5.

Source: Autonews via Autoblog
Image: Fabrice Coffrini/AFP/Getty Images