Spyker: GM to Decide on Saab This Week - TheStreet

STOCKHOLM (

TheStreet

) --

Spyker's

CEO expects a decision before this week on whether it has been successful in its bid to buy

Saab

from

General Motors

, a report says.

"We expect a decision from GM this week," Spyker CEO Victor Muller told daily newspaper

Svenska Dagbladet

. "Given that the deadline is Dec. 31, I really expect they will be in contact soon," he said.

Spyker, a Dutch maker of sports and racing cars, had made a revised offer just before Christmas, two days after its first offer was rejected. When asked by the newspaper whether it would be successful, Muller said, "I am very hopeful, I have been from the start. We have done all we possibly can."

GM said earlier this month it would wind down Saab, the Swedish carmaker, if a buyer didn't emerge before the end of this year. GM said talks with Spyker

were dropped

because certain due diligence issues over the sale of Saab couldn't be resolved by the Dec. 31 deadline.

Meanwhile, a separate Swedish newspaper reports GM may use 2010 Saab 9-5, which has yet to be launched, as the basis for a future Buick model should Saab be closed down.