2010 Saab 9-5 production to restart, bidding deadline dropped

Posted on Wednesday, 6 January 2010 , 07:01:57 byEmil

Filed under productionrestartbiddingbiddeadlinedroppedsaabgmSaabGMSpyker

2010 Saab 9-5 production to restart, bidding deadline dropped

Saab is not dead, at least not yet. What seemed to be an imminent end for the Swedish automaker has now been delayed. After seeing what happened with Saturn, everybody was more than certain that Saab will end in the same way. Still, General Motors has cancelled the 31 December 2009 deadline that they had for Saab bids and will soon restart production of certain models. This does not mean that General Motors will not be closing Saab if they do not find a suitable buyer soon but it just means that the Swedish automaker gets a fresh pack of oxygen that will help it stay alive for a couple more months. This is great news for the fans, employees, interested buyers and dealers of the Swedish automaker.

Erik Geers, Saab spokesman, has stated that ``We are preparing the wind-down process. At the same time we are open to options, to bids that come in. Therefore the deadline has also been dropped``. He continued by saying that ``We have the orders and we have to deliver them as usual. We also have the orders for the Saab 9-3 and others. The factory has to continue again``.

Thus, Saab has practically announced that they will restart production this month for their new 2010 Saab 9-3 Convertible and 2010 Saab 9-5 Sedan models, following a holiday shutdown of the factory.

Victor Muller, CEO of Spyker, has said that General Motors has extended the deadline for a final offer from the small Dutch super car maker until sometime this month, adding that he believes there are other bidders interested in Saab excepting Spyker.

Well, things seem to have taken a very fortunate turn for the Swedish automaker. We might not get to see Saab disappear after all. Hopefully, things will turn out perfectly and Saab is here to stay.