Dutch sports car maker Spyker is still pursuing discussions to buy Swedish auto brand Saab.
The announcement followed reports that China's BAIC had agreed with American auto giant GM to acquire some of the Swedish firm's assets.
Speaking on the issue, Victor Muller, chief executive of Spyker, said in a statement that the deal with BAIC would be 'good news' for the Dutch firm as he described those assets as equipment for old Saab models.
Analyst Mike Tyndall from Nomura Securities, said, "A sale to Spyker would be a step in the right direction."
A person familiar with the situation said on the condition of anonymity that the GM plans to sell the technology behind the Saab models 9-3 and 9-5 to Beijing Automotive Industry Holding Co.
Earlier this month, the GM announced that it would phase out the Saab brand in case it did not find a suitable buyer for it.