GM says it’s now or never for Saab, if Spyker doesn’t buy it, it will be closed

By Auto News Log • December 17th, 2009

The Saab odyssey will soon come to an abrupt end, and, according to GM’s new CEO, Ed Whitacre, there will be two possible endings. Either Dutch supercar manufacturer Spyker will buy the Swedish brand from General Motors, or the financially-struggling company will be shut down by the US corporation.

It seems that the sale of technology used for the old 9-3 and 9-5 has just bought a short amount of time for Saab, and if an agreement with Spyker won’t be met until the end of December, the Swedish carmaker will be shut down, and all of the remaining technology will likely be sold to companies like China’s BAIC.

Source: Autoblog

 

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