Last-Gasp Saab Bids: Along Came A Spyker?

Thor Johnsen
by Thor Johnsen

GM decided to grant Saab 30 days worth of life support to await new potential buyers. If no buyer is found within 30 days, then Saab is a goner. That’s the message all Saab workers and enthusiasts were given yesterday, to a certain relief. GM and Saab have confirmed there are potential buyers out there, but who are they? Who’s in, who’s out?There are supposed to be at least 4 interested buyers; BAIC has confirmed they are interested in Saab – but what exactly they are interested in at Saab are unclear. Is it 100% ownership? A partnership with other buyers? Bits and pieces of Saab’s technology? TTAC’s Bertel Schmitt figures they’d take the new 9-5, but not old tooling or production assets.Merbanco has confirmed interest too. In a dialogue with Saabsunited.com, their CEO Christoffer Johnston expressed interest, given the right conditions. But in a statement to Reuters, Mr. Johnston says Merbanco are ruled out as a bidder for Saab. “We were disappointed to learn we were not invited to move forward in our efforts for Saab,” Johnston writes in an email to Reuters.Renco is also reportedly one of the interested parties, but the mysterious new bidder on the block is…Spyker! The Dutch supercar manufacturer, owned mainly by Lithuanian bank Snoras, and Russian Conversbank, has roots going back to 1898, when the two brothers Jacobus and Hendrik-Jan Spijker made their first car using a Benz engine. Production ceased in 1925, only to resurrect in 2000. Focusing on the super exclusive, super fast, supercar segment, they kind of remind you of Koenigsegg, right? Their spokesman, Mike Stainton told Swedish businesspaper e24 “We’re interested in Saab, and are just now talking to General Motors”. And even though they’ve lost money for the last 5 years (more Koenigsegg parallels?), with a registered motto from 1914 saying: “Nulla tenaci invia est via” (for the endurant, no way is impossible), who knows what they might try.On the other hand, given GM’s sad history of not pulling off even the simplest sale (ho-Hummer…) 30 days or nothing sounds like … nothing.

Thor Johnsen
Thor Johnsen

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  • Porschespeed Porschespeed on Dec 02, 2009

    Please. Saab is the poor SOB stuck between the train and the platform. You wish there was some way to save it, but there simply isn't. It is gonna die. Everyone say goodbye and pull the damn train out already.

  • Oosh Oosh on Dec 02, 2009

    'roots going back to 1898' - bollocks! 'Spyker Cars' has nothing to do with the original Spyker other than now owning the brand name of a company that went bankrupt 80 years ago!

  • JMII I doubt Hyundai would spend the development costs without having some idea of a target buyer.As an occasional track rat myself I can't imagine such a buyer exists. Nearly $70k nets you a really good track toy especially on the used market. This seems like a bunch of gimmicks applied to a decent hot hatch EV that isn't going to impression anyone given its badge. Normally I'd cheer such a thing but it seems silly. Its almost like they made this just for fun. That is awesome and I appreciate it but given the small niche I gotta think the development time, money and effort should have been focused elsewhere. Something more mainstream? Or is this Hyundai's attempt at some kind of halo sports car?Also seems Hyundai never reviles sales targets so its hard to judge successful products in their line up. I wonder how brutal depreciation will be on these things. In two years at $40k this would a total hoot.So no active dampers on this model?
  • Analoggrotto Colorado baby!
  • Rob Woytuck Weight is also a factor for ferries which for instance in British Columbia, Canada are part of the highway system.
  • Ajla I guess some people were big fans of Milli Vanilli and Real Dolls (don't Google that at work) but I have a very large problem with the fake engine sounds and fake transmissions. If you turn them off does it stay off forever or does it turn back on whenever you go into sport mode?
  • Probert That X frame was a killer. No nostalgia for these things to be honest. Yup - life of the party....
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