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U.S. markets recover from steep losses
NEW YORK, Dec. 20 (UPI) -- Dutch automaker Spyker said Sunday it has made an updated offer on Saab to General Motors, which owns the Swedish car brand.
Spyker Chief Executive Victor Muller said in a statement the new offer to GM officials is intended to bypass issues of concern that doomed his company's previous offer to purchase Saab, CNNMoney.com reported.
"Despite our collective 11th-hour set-back, we are returning to the table with a renewed offer, that addresses every known issue brought to light during the initial negotiations and that has the full backing of the Saab management," Muller said.
GM spokesman Chris Pruess said f Saab is not sold and closes, it would cost impact the lives of nearly 3,400 employees worldwide.
Muller said his company, which produces exotic cars, is dedicated to saving the Saab brand as well as the jobs of those workers, CNNMoney.com reported.
"Our efforts are based on our passion for saving an iconic brand that we would be honored to shepherd, and the jobs and livelihoods of thousands of loyal Saab employees, suppliers and dealers around the world," he said.
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