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Archive for Category: "Spyker"
GM Asks For an Extenstion: Spyker Agrees
At the beginning of August, Spyker got a bit choleric with General Motors and made the decision to sue. The reasoning dealt with the Swedish automaker Saab who was once owned by both companies but went fully bankrupt because of them. Since Spyker firmly believes that GM’s limitations on product rights hindered Saab and caused the bankruptcy, [...]
Spyker Sues GM Over Saab
Spyker and General Motors have had a rather rocky relationship in the past and now, it has gotten outright jagged. When the Dutch sports car manufacture purchased the Swedish icon Saab from the American company back in 2009, little did they know that a rollercoaster of anguish and drama would ensue. After numerous financial faults, Saab went [...]
Exotics at NYIAS 2012
Not all auto makers attend major car shows, but that doesn’t stop the cars that they produce from showing up. In the case of Lamborghini, Spyker, McLaren and Bugatti, a group of dealers and owners pulled together to rent floor space and present some of the wonderful machinery that these automakers produce. One booth contained [...]
The Name Game: Swedish Automobile Goes Back
A little more than two years ago, an exclusive Dutch supercar company known as Spyker took the plunge and purchased the Saab. In order to prove its commitment, Victor Muller and his outlandishly styled sports cars quickly became a collective named Swedish Automobile N.V. From that time in 2010 until late 2011, a rollercoaster ride of drama [...]
Update on Saab Automobile
A few days ago, Swedish Automobile N.V. released a statement saying that they were unable to obtain the short term funding to pay its employee’s wages. Fortunately, that has changed due to a 13 million Euro purchase by a Chinese company for Saab vehicles. The purchase was for 582 units and the full payment should be received later [...]
China’s Youngman Joins the Battle For Saab
The ongoing partnership between Saab Automobile, Spyker Cars N.V., and Pang Da Automobile has gotten perhaps even more complex. The memorandum of understanding (MOU) issued on May 16 between the three companies split the joint venture of Saab vehicles in two between the Swedish Saab/Spyker group and Chinese Pang Da. Recently, another Chinese automotive manufacture, Zhejiang Youngman [...]
Saab Gets Another Boost
The joint partnership between Saab Automobile, Spyker Cars N.V. and Pang Da Automobile has gotten even tighter recently as Pang Da has announced an additional investment into the Swedish manufacture. The Chinese company has requested another order for 630 Saab vehicles on top of the previous 1,300 cars they ordered earlier this year. The 630 [...]
Saab’s New Parent Gets a New Name
The partnership with Spyker and Saab has been a long process that has required some special investors. The most recent being Pang Da Automobile, a Chinese vehicle manufacture. Pang Da has entered procedure discussions to obtain regulatory approvals for the investment into Spyker and Saab from the Chinese government and things are looking very promising. [...]
New Saabs Are on The Way
The home plant of the Swedish automaker located in Trollhättan, Sweden will start back up after weeks of sitting with the lights off. The reason for a stop in production was Spyker, who recently became the owner of Saab, was unable to pay its suppliers. The rollercoaster ride that is the Saab/Spyker relationship hit another sweet spot [...]
Spyker finalises purchase of Saab
After months of negotiations and setbacks that left Saab’s fate in limbo, Dutch sportscar maker Spyker said Tuesday it had finalised the purchase of the iconic Swedish brand from General Motors. Spyker’s CEO Victor Muller told reporters in Stockholm it was hard to imagine that the process his company, a minnow in the car industry, [...]
