The Brand That Wouldn’t Die: GM May Lift Saab Sale Deadline
A few weeks ago, General Motors' chairman Ed Whitacre was on a spree: he'd sacked the company's CEO, canned and shifted many others on the executive team, and boldly said that if a buyer for Saab weren't found by December 31, the brand would bite the big one. Fortunately for Saab fans, Whitacre's saber-rattling appears to have been partly for show: Saab board member Paul Aakerlund told the press that the New Year's Eve deadline "is not a date that's holy", and that GM may extend it if it thinks there's a viable bidder. (Spyker, of course, hopes to be that bidder, although it's getting some competition from Wyoming-based Merbanco Inc.) We'll put down the champagne long enough to give you details if and when they develop tomorrow. [AutoNews]
This story originally appeared at The Car Connection
