MUNICH -- General Motors Co. could sign a deal to sell Saab to Dutch luxury sports car maker Spyker Cars NV on Monday or early this week, press reports said.
Bloomberg News said Spyker has offered GM a combination of cash and preferred shares in a new Saab worth $500 million, adding that GM is, in principle, satisfied with the offer.
The enthusiasts' Web site SaabsUnited said a Spyker car had been delivered to Saab's museum in Trollhattan, Sweden, possibly in preparation for GM and Spyker announcing a deal against a backdrop of historic Saab cars and a luxury Spyker model.
The Financial Times said an announcement is tentatively scheduled for Monday. Bloomberg and Sweden's Dagens Industri said that, while the Spyker-Saab deal could still collapse, the sale may be finalized by early this week.
Spyker favorite, rival bidder says
Meanwhile Lars Carlstrom, a spokesman for Genii Capital, a rival bidder for Saab, said on Saturday that Spyker is "well-positioned" to buy Saab.
Carlstrom said that Spyker is further along in talks with GM than his own group as the Dutch firm had a head-start of at least four weeks in completing due diligence work toward a deal.
"We believe that Spyker is well-positioned in this deal and I would expect an outcome early next week," said Carlstrom.
Luxembourg investment company Genii's bid for Saab is backed by Formula One boss Bernie Ecclestone.
A possible obstacle to the deal for Spyker, cited in Swedish media reports on Saturday, is winning a promise of a loan guarantee from the Swedish National Debt Office.
But Carlstrom said the Swedish government had been acting "very well" in negotiations and would not impede the sale process, though it remained unclear whether the European Investment Bank would provide loans to the buyer.
Should the deal with Spyker fall through, Genii and its partners remained at the ready to pursue talks with GM, Carlstrom said. "We are here and we have the resources."
GM made progress toward a deal to sell Saab to Spyker after a meeting in Stockholm on Friday, a Spyker executive and a second person with direct knowledge of the talks told Reuters over he weekend.
According to Bloomberg, Spyker has offered GM about $75 million in cash and $325 million in preferred shares in the company that would emerge from the transaction. GM would get $100 million of Saab's existing liquidity.
The two sides are in continued negotiations on other aspects of a deal including production plans.
Two liquidation companies appointed to oversee the wind down Saab are awaiting developments before making changes or issuing final notices for Saab employees, Paul Akerlund, chairman of the IF Metall union, told Swedish media.
Reuters contributed to this report