Earlier this morning came word that Saab's deal with Chinese automaker Hawtai had fallen apart. While in discussions with Hawtai, parent company Spyker was evidently also talking with another automaker located in China – Great Wall Motors. According to Reuters, those talks have apparently never ended, and, in light of today's news, we're going to speculate that it's time to escalate the discussion or officially turn off the lights at Saab assembly plants.

Great Wall has cash and Saab has cars, technology and a dealer network. The two companies could be mutually beneficial, but there are hurdles to overcome before anything can actually happen. The Chinese government must approve a foreign joint venture before it moves forward. Still, it's a good sign that companies are still interested in working with Spyker, and that could keep Saab alive.

Spyker isn't simply pinning all of its hopes on Great Wall, as other Chinese companies are also on its radar. Besides a potential Chinese investor, however, Spyker and Saab are still hoping to see their European Investment Bank drawdown approved. Once either scenario plays out favorably, Saab can resume producing automobiles.


I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.


    • 1 Second Ago
  • 8 Comments
      4 String
      • 4 Years Ago
      Defibrillator! Stat!
      Chongkai Zhu
      • 4 Years Ago
      No Chinese car company should be that stupid to buy SAAB. They can design their own new car in a more cost effective way.
        4 String
        • 4 Years Ago
        @Chongkai Zhu
        Yeah cuz Chinese car companies have ALWAYS been innovative in original designs. Clearly.
      • 4 Years Ago
      [blocked]
      Phillip the Fat
      • 4 Years Ago
      Come on Geely, do your thing and take over Saab.
      HuskerBadger
      • 4 Years Ago
      If Spyker keeps going on like this for much longer, he's going to destroy what little credibility as a carmaker he has left. Maybe he should put Saab (the entire company) on eBay and see who'll buy it.
      TriShield
      • 4 Years Ago
      When you love something let it go. As evidenced over the past year Saab's best days are well, well behind it and the company is a shell of itself, Chinese ownership or not.