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.