Saab's European saviour?

As the fate of Saab hangs by a mere thread, a new saviour could be in the wings. Spyker, a Dutch sportscar company, has joined the handful of companies bidding for the struggling Swedish brand.

"In response to market enquiries, Spyker Cars confirms that it, together with its shareholder Convers Group, has expressed an interest in Saab Automobile AB," read a Spyker statement. "If and when we are able to comment further, we will do so but we are unable to provide more information at this time."

Aside from its short-lived venture as a Formula One team in 2007 Spyker has failed to grab much mainstream attention. It's current line-up of sportscars include C8 coupe, C12 coupe and D12 Peking-to-Paris SUV.  

Other bidders believed to be in the running for Saab, which is being sold off by General Motors, include China's Beijing Automotive (BAIC) and private equity firm Renco Group. The US-based bank Merbanco has also expressed interest in purchasing Saab, but yesterday pulled out of the bidding field.

General Motors has stated that it will wait until the end of December in a last ditch effort to find  a buyer for Saab, but has not ruled out the brand going the same way as Pontiac and Saturn that were wound up earlier this year the company.

Time will tell if GM can find the right buyer (and the right price) for Saab, and we'll keep you posted as updates come through.