GM Unlikely to Accept New Spyker Bid

FROM THE LOCAL:  Although it has extended the deadline to close the deal for Saab until January 7th, American automaker General Motors is reportedly poised to reject two revised bids for its Swedish car brand, according to Bloomberg News.
Swedish financial daily Dagens Industri cited a Bloomberg report indicating that GM was not likely accept either the renewed offer from Dutch luxury car brand Spyker or a new bid from American banking group Merbanco, which has reportedly brought in Swedish investors.  MORE»