Last-ditch talks over Saab's future go on but Swedish govt says the make's survival chances are 'very slim'.  

Dutch supercar builder Spyker is continuing talks in its bid to take control of Saab from owners General Motors. Spyker had earlier set a deadline of last night (Monday) to reach agreement for the sale of the Swedish car brand. But the company has now given the process an open-ended deadline.

The Swedish government has said that while it remains hopeful of a successful outcome, there was realistically a very slim chance of saving Saab.

General Motors has already taken a decision ‘in principle’ to close the loss-making car brand. But until a final verdict is reached, the future of 3400 Swedish workers at the Trollhatten car plant and dealers worldwide, including 90 in the UK, remains uncertain.

Now read this: Is Saab about to close?

Stephen Jury


December 22, 2009