Despite an earlier report from Swedish TV, GM’s Chairman Ed Whitacre reported “no deal” between Spyker Cars, NV, and GM in his 11:30 press conference. Per Whitacre, GM will continue with their plan to wind down Saab’s operations at this time.
GM Chairman Ed Whitacre has confirmed his acceptance of the CEO position at GM, which was the primary focus of the 11:30 conference.
Sources in the Swedish media had reported cabinet meeting to discuss state guaranteed loans for Spyker’s acquisition of Saab. It is unknown if the deal is now officially off the table, or simply delayed by additional complications.
If you’re a fan of the quirky but beloved brand (and who doesn’t like torque steer and ignition switches by the handbrake), it looks like it may be time to break out the black suit after all.