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Spyker Cars makes renewed offer for Saab

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Spyker Cars makes renewed offer for Saab

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Dutch luxury car maker Spyker is offering a fresh lifeline to loss-making Saab – submitting a renewed bid to buy the ailing brand from General Motors.

Talks broke down in Spyker’s initial attempt to buy
Saab, one of Europe’s best-known brands. But 48 hours after being thwarted, it submitted new proposals.

It could mean a stay of execution for Saab which General Motors announced would be wound down following the collapse of talks last week.

The Swedish manufacturer has 3,400 workers and a similar number are employed indirectly. Spyker’s renewed offer expires shortly before midnight Central European Time.