Last Friday General Motors (GM), the parent company of Saab called it time to close the Swedish manufacturer after it failed to find a buyer for the company. However, since this announcement, it is reported that several fresh offers may be on the table for consideration including from the Dutch luxury car firm Spyker.

Over its lifetime, Saab has produced several models that today are considered true classics. Of particular note are the Saab 900 Turbo, Saab Sonett and the 7-seater Saab 95.

GM has promised to continue honouring warranties, and the company’s debts will be settled, according to GM Europe President Nick Reilly.

‘Despite the best efforts of all involved, it has become very clear that the due diligence required to complete this complex transaction could not be executed in a reasonable time. In order to maintain operations, Saab needed a quick resolution,’ said Reilly.

Parts of the Saab business have already been sold including the car and engine technology to Beijing Automotive Industry Holding Corporation (BAIC) in a deal that allows the Chinese company to make its own brand models in China.

Saab will follow other GM brands Pontiac and Saturn into the proverbial car graveyard, leaving Chevrolet, Buick, Cadillac, GMC, Holden and Vauxhall/Opel in the portfolio.

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