GM Receives New Inquiries for Saab

General Motors has received new inquiries about its Saab business but is still preparing to wind down the division. Spyker launched a revised bid for Saab.
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Updated from Sunday, Dec. 20

DETROIT (

TheStreet

) --

General Motors

has received several new inquiries about its

Saab

business but is still making preparations to wind down the division.

This follows GM's statement Friday that talks with Dutch automaker

Spyker

had fallen apart because of unidentified and unsolvable issues that had arisen in plans to sell the Saab division.

"Should something concrete develop we'll consider it, but in the meantime we're making the wind-down preparations," John Smith, GM vice president, told the

Wall Street Journal

via an email.

Spyker

, meanwhile, tried to resurrect a deal with a revised bid on Sunday.

"We have made every effort to resolve the issues that were preventing the conclusion of this matter and we have asked GM and all other involved parties to seriously consider this offer," Spyker CEO Victor Muller said.

Spyker told the

Journal

the new offer had the full backing of Saab management and eliminated the need for a loan from the European Investment Bank. However, Muller declined to comment on how the company would finance the planned acquisition without the EIB loan.

GM's Smith said it was possible one or more parties may be interested in buying a part of Saab, including new models that have yet to be launched.