January 4, 2010 / 12:40 PM / 8 years ago

Saab says bid deadline dropped

2 Min Read

<p>Icicles hang from the trunk of a dismantled Saab vehicle in the courtyard of a service station in Budapest December 22, 2009.Karoly Arvai</p>

AMSTERDAM (Reuters) - Dutch luxury car maker Spyker Cars is working on its final offer for General Motors' GM.UL Saab assets and will file its bid by a January 7 deadline, Spyker's chief executive said on Monday.

Swedish daily Dagens Industri said on Monday Spyker cars would revise its bid for GM's loss-making Swedish carmaker Saab for a third time to address GM's criticism of its current offer.

"We have gotten time for a final offer. Nothing has been rejected," Spyker CEO Victor Muller told Reuters.

Muller said he would file an offer by a deadline that would expire on January 7 but he declined to give details.

Saab said last week General Motors GM.UL had extended a deadline that expired on December 31 to accept bids for the Swedish car brand. Saab said there were several potential bidders but it declined to give names, except for Spyker.

Paul Akerlund, union representative at Saab, said GM had given until Thursday for bids and would go ahead with its wind-down process.

"GM hasn't closed any doors" Akerlund said.

Reporting by Gilbert Kreijger, additional reporting by Simon Johnson in Stockholm, editing by Will Waterman

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