Are you winding me up?

GM have given notice that the wind down process of Saab, first announced late last year, has commenced. Consulting firm AlixPartners have been chosen by GM to act as wind down supervisors.

A statement released by GM reads, “The wind down process is expected to take several months, and will ensure that employees, dealers and suppliers are adequately protected. As stated previously, Saab customers can be assured that warranties will continue to be honored and that service and spare parts will continue to be available.”

However, Spyker still holds out some home that they can save Saab from extinction. Victor Muller, CEO of Spyker Cars said yesterday, “We have continued a constructive dialogue with GM over the acquisition of Saab. We believe the Saab brand has lots of potential and would be keen to close a deal as quickly as possible.”

As expected GM received a number of offers for Saab by their 7 January deadline. GM’s statement says these will be considered independently of the wind down process, “GM also confirmed that it has received several proposals for Saab and is continuing to evaluate these proposals. This evaluation is not affected by the appointment of AlixPartners.”