| Author (Person) | Ward, Andrew |
|---|---|
| Series Title | Financial Times |
| Series Details | 8.1.10 |
| Publication Date | 08/01/2010 |
| Content Type | News |
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Bidders were scrambling to keep alive their hopes of buying Saab Automobile o the 7 January 2010 as the General Motors board prepared to meet on the 8 January 2010 to consider the Swedish carmaker’s fate. Spyker Cars, the Dutch boutique sports car maker, was poised to lodge a revised offer and three other potential bidders were racing to assemble last-ditch proposals. But people close to negotiations were pessimistic about the prospects of a deal after Ed Whitacre, GM chief executive, said on the 6 January 2010 that the group expected to start winding down the group soon. BBC News also reported that Formula One boss Bernie Ecclestone was part of a bid to buy Saab. |
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| Subject Categories | Business and Industry |
| Countries / Regions | Europe, Sweden |
