GM confirms receiving several bids for Saab

STOCKHOLM: US auto giant General Motors has received several bids for its loss-making Swedish unit Saab, a company spokesman told on Friday.

"We have now received several proposals" for Saab, GM Europe's spokesman Stefan Weinmann said.

"I would certainly confirm we have received a proposal from Spyker but as far as the others are concerned, I really don't want to name names," he said.

Weinmann added that as announced in December, GM would carry on with its planned closure of Saab, but would at the same time consider new bids for the Swedish brand.

"Essentially, the two processes will continue in parallel, which means we'll continue with a wind down and at the same time we will look at the proposals and analyze them and see whether we can find a good solution for everybody," he said.

In addition to Dutch sportscar maker Spyker's eleventh hour bid submitted on Thursday, Luxembourg investment firm Genii Capital said it had teamed up with Formula One boss Bernie Ecclestone and announced its interest for Saab.

According to a Swedish media report on Friday, a Swedish group is also interested in acquiring the beleaguered unit.