Spyker Extends Deadline For Talks On GM's Saab

"We wanted to give GM more time to assess the proposal," Spyker Chief Executive Victor Muller, told Dow Jones Newswires Monday.

On Sunday, Spyker announced a new offer for Saab which was initially valid until 5 p.m. EST Monday, after talks between Spyker and GM collapsed on Friday.

Netherlands-based Spyker said Sunday its new offer is an 11-point proposal addressing each of the issues that caused talks with GM to collapse.

"We have made every effort to resolve the issues that were preventing the conclusion of this matter, and we have asked GM and all other involved parties to seriously consider this offer," Muller said.

Spyker said Sunday its new offer has the full backing of Saab management, and it also eliminated the need for a loan from the European Investment Bank.

GM said Sunday it had received several new inquiries about its Swedish unit.