Top new models for SA

From Renault's new Alaskan bakkie to the latest models at the Frankfurt motor show bound for SA.

Electric cars in SA

The debate on whether or not Electric Vehicles (EV) are viable in South Africa rages on.

Saab decision 'this week'

2009-12-30 09:24
Stockholm - Spyker Cars' chief executive expects a decision in days on whether the company has been successful in a bid to buy Sweden's Saab Automobile from U.S. parent General Motors.

"We expect a decision from GM this week," Spyker CEO Victor Muller was quoted by daily Svenska Dagbladet as saying on Monday.

"Given that the deadline is December 31, I really expect they will be in contact soon."

Saab, one of Sweden's best-known brands, has been hoping an 11th-hour saviour would turn up after parent GM said last month it would wind down the carmaker if a buyer did not appear before the end of December.

Russia-backed Spyker - which made 43 luxury cars last year against Saab's sales of 93 295 - launched a second offer to buy Saab from GM just before Christmas - two days after its first offer was rejected.

Spyker's interest in Saab followed the collapse in November of a deal which would have seen the loss-making Swedish automaker bought by tiny luxury sports car maker Koenigsegg.

Muller was coy on whether Spyker's new offer for Saab would be successful.

"I am very hopeful, I have been from the start," he said. "We have done all we possibly can."


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