GM Authority has learned that all previous bidders for Saab are still in the process of negotiating with General Motors.
This news comes to us as Saab production restarted in Sweden earlier in the week, even though GM is continuing with the official wind-down of the brand. Most recently, GM Chairman and CEO Ed Whitacre told reporters that it will cost $450 million to buy the legendary Swedish brand.
It seems, however, that the Saab liquidations process is being delayed due to the amount of bids and the perseverance of the bidders. Those who are close to negotiations have let us know that GM will make a decision within “days,” not “weeks.” More as it happens…