GM Statement on Saab

DETROIT – The GM Board of Directors has received expressions of interest in Saab since the conclusion of negotiations with Koenigsegg Group AB. The Board will evaluate potential bids between now and the end of December. At that time, we will determine whether a suitable arrangement for Saab exists. If not, we will begin an orderly wind down of the global Saab business at that time.
Due to non-disclosure agreements, we will not confirm or comment on any potential transactions or other matters unless, and until, we determine that disclosure is appropriate.

Well, that’s a stay of execution if ever I’ve seen one. The bids that have come in seem to have been of sufficient strength and quality to make GM blink and not kill Saab off right now.
That means we’ve still got a car company for another month.
Kudos to JAJ and Joran Hagglund for the presentations they must have made, as well as to the bidders.
Cowboy UP!!!!

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