General Motors declined to comment on speculation today (18 January) that private investment firm Genii Capital could make a joint bid with Dutch sports carmaker for troubled Swedish subsidiary Saab.
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Genii Capital had previously indicated its willingness to bid for Saab as had Spyker with a decision from parent GM thought be “within days not weeks.”
“Obviously we have seen various press coverage about the [Saab] bid, but we don’t have any comment on anything like that,” a Spyker spokesman told just-auto.
Spyker founder and chief executive Victor Muller said only last week at the Detroit auto show that even though GM was winding down the Swedish company, it was still mulling his offer “very seriously.”
For its part, GM is playing its cards close to its chest, although it concedes time is of the essence to save the Swedish manufacturer.
“Someone has to come up with something or it might be a bit late,” a GM spokeswoman said. “Obviously they [GM] are winding it down – the more it is wound down the less it is attractive to buy and get it to work properly. We are in a waiting position.”
Genii Capital has the support of Formula One supremo Bernie Ecclestone.
