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NINETY EIGHT REGENCY

Spyker to file final Saab bid by Thursday, CEO says

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Spyker to file final Saab bid by Thursday, CEO says

January 4, 2010 13:46 CET

AMSTERDAM (Reuters) -- Dutch luxury car maker Spyker Cars NV is working on its final offer for General Motors Co.'s Saab unit and will file its bid by a January 7 deadline, Spyker's CEO said on Monday.

Swedish daily Dagens Industri said on Monday Spyker would revise its bid for GM's money-losing Swedish carmaker for a third time to address GM's criticism of its current offer.

"We have gotten time for a final offer. Nothing has been rejected," Spyker CEO Victor Muller told Reuters.

Muller said he would file an offer by a deadline that would expire on Jan. 7. He declined to give further details.

Saab said last week that GM had extended a deadline that expired on Dec. 31 to accept bids for the Swedish car brand. Saab said there were several potential bidders but it declined to give names, except for Spyker.

Paul Akerlund, union representative at Saab, said GM had given until Thursday for bids and would go ahead with its wind-down process.

"GM hasn't closed any doors" Akerlund said.

Read more: http://www.autonews.com/apps/pbcs.dll/article?AID=/20100104/ANE/301049911/1193#ixzz0bfAYBvBf

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