It Ain't Over 'til . . . Well, It Ain't Over
Monday, December 21, 2009
The continuing soap opera that is the SAAB sale . . . uh, continues. Hot on the heals of GM’s announcement that it was giving up on trying to negotiate the sale of SAAB, the Dutch car maker Spyker, which had the last offer on the table, said they’ve thrown down a new offer. Without giving specifics, Spyker says it has improved its lie vis-a-vis last week’s rejected deal.
Meanwhile, GM says that it has received several inquiries since last week’s Spyker deal fell apart and that it is currently evaluating those inquiries.
Please remain seated with seat belts fastened until the aircraft has come to a complete stop.
--M.D.

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