Spyker now Interested in Purchasing Saab

#Saab, #9-5

General Motors’ struggling Saab brand has piqued the interest of several automakers since supercar builder Koenigsegg pulled out of the deal to purchase the Swedish brand. Dutch exotic-car maker Spyker is now interested in possibly purchasing Saab.

Spyker revealed its interest shortly after Koenigsegg pulled out of the deal with GM because of the potential benefits for Spyker. Spyker currently builds fewer than 100 cars a year, and Saab’s sales last year were more than 100,000. Acquiring Saab would give the Dutch carmaker access to resources and personnel it has never had.

“Saab’s benefit is that it is not closed down,” said Victor Muller, Spyker CEO.

Muller believes that a quirky Swedish brand being led by a different type of Dutch automaker makes sense. “We are a very related group of people who understand each other. We are the same blood group,” Muller told Automotive News. “It is not too far-fetched for Saab to be a good premium brand again.”

Spyker has already begun talking with Deutsche Bank, the firm involved in any Saab transaction, about acquiring Saab. As of now, Spyker’s main competitor is likely China’s BAIC, which has shown interest in the brand, but has been coy about its plans. BAIC has already made its first move in acquiring Saab by purchasing the old Saab 9-5 tooling last week. The timeline for either sale is December 31, as that is the deadline GM set before it will start liquidating Saab.

Source: Spyker, Automotive News

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