GM continue plans to wind down Saab
10th January
2010
Saab
employees, owners, dealers, suppliers and other stakeholders continue to
wait for a favourable decision from Detroit. After talks with Koenigsegg
Group AB broke down in November, talks with Spyker and other parties
continue. Spyker Cars released a statement on Thursday confirming it had
submited a revised offer to General Motors. Reports also surfaced last week
linking Bernie Ecclestone to a bid for the swedish manufacturer.
Despite the ongoing discussions surrounding the sale of Saab, GM is
continuing with the plan to close Saab.
On Friday, GM confirmed it
has selected AlixPartners to supervise the orderly wind down of Saab, and
has requested approval of the selection by the appropriate authority in
Sweden. The use of a wind down supervisor is a commonly-used process in
Sweden and works in the interest of the shareholder.
The wind down
process is expected to take several months, and will ensure that employees,
dealers and suppliers are adequately protected. As stated previously, Saab
customers can be assured that warranties will continue to be honored and
that service and spare parts will continue to be available.
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