Dutch carmaker Spyker is giving General Motors Co. more time to consider its latest offer for car brand Saab, according to Associated Press.
Spyker Cars had previously given GM until 5 p.m. EST Monday to consider its latest proposal, but Spyker says that deadline has been extended indefinitely as negotiations continue.
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Spyker submitted the latest offer on Sunday, just days after talks with GM to buy the Swedish car brand collapsed. GM said on Friday it had no other buyers and would close Saab.
On Monday, Swedish government officials were holding emergency meetings with unions and local authorities to prepare for the closure of Saab's main factory in Trollhatten.
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