Saab's owner General Motors announced on Friday that the sale of Saab to Spyker could not be completed satisfactorily.
Since then the Spyker leadership has submitted a renewed offer in the hopes of securing a future for Saab, its employees and the brand.
Spyker CEO Victor R. Muller said 11-point proposal had been submitted to GM, addressing each of the issues that arose during the due diligence process.
The renewed offer would remove each of the obstacles that were standing in the way of a swift transaction.
"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," said Muller.
"The new offer eliminates the need for an EIB loan approval prior to year end, for example, which will allow the deal to be concluded within GM's deadline.
"Some 1,500,000 Saabs are on the road today and their proud owners would no doubt welcome the survival of this phenomenal brand", Muller added.
The renewed Spyker offer is valid until 5pm EST today (22:00 GMT).
Posted on 21.12.2009
