Spyker Cars CEO Victor Muller was continuing on Monday to try and win backing from Chinese carmakers to save the troubled Saab brand from a cash crunch that has forced it to halt production.
''The talks are still ongoing and Victor (Muller) is still in China holding those talks together with a few people from Saab,'' a Saab spokeswoman told Automotive News Europe.
On Friday, Bloomberg News reported that Saab was negotiating an investment and production deal with three Chinese carmakers. Saab is in talks with Great Wall Motor Co., China Youngman Automobile Group Co. and Jiangsu Yueda Group Co., Bloomberg reported sources as saying.
A Chinese partnership agreement would likely include an investment in the Swedish carmaker as well as a joint venture to produce Saab vehicles in China, the sources said. It may also include the Chinese company distributing the Swedish brand at its dealerships. The move would also give it an entrance to the world's largest auto market.
Focus on new 9-3
The production aspect of the Saab deal would focus on a Chinese partner building the next 9-3 model, scheduled for release late next year, the people said.
Saab has suspended production after some suppliers stopped deliveries because they have not been paid.