We’re about two weeks away from bidding adieu to 2009 and General Motors has an enormously big decision to make before the calendar hits 2-0-1-0.
Sell Saab to Spyker or close it down permanently.
After months and months of negotiations to sell Saab - including a failed Koenigsegg purchase and a successful partial purchase of the 9-3 and 9-5 sedans by BAIC – it’s finally come down to just one bidder: Spyker .
According to GM head honcho Ed Whitacre, a deal with Spyker remains a distinct ‘possibility’, but given the relatively tight time frame – GM plans to close Saab if no deal happens by December 31 – the future of Saab is clearly headed for a down-to-the-wire decision.
Selfishly speaking, we don’t want Saab to suffer the same fate as Pontiac but if we’re being realistic about the whole situation, we don’t know how the Swedish brand can keep its head above water in the event that Spyker – a brand that hasn’t turned in a profit since God-knows-when – does end up buying it.
Either way, it’s going to be a pretty tight and busy holiday season for GM, Saab and Spyker.