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Spyker finalises purchase of Saab

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,...
February 25th, 2010 | Saab, Spyker | Read More

Ousted Russian investor wants to help finance Saab

Ousted Russian investor wants to help finance Saab
Russian billionaire Vladimir Antonov, forced out of Dutch carmaker Spyker before it bought Saab from General Motors, said in comments published Saturday that he wants to help finance the new company. "There is unfortunately widespread economic crime in Russia but we don't take part in that, and are rather...
February 20th, 2010 | Saab, Spyker | Read More

Spyker shareholders approve Saab takeover

Spyker shareholders approve Saab takeover
Shareholders of Dutch luxury sportscar maker Spyker on Friday overwhelmingly approved its acquisition of Sweden's Saab from General Motors. The deal got a further boost when the European Investment Bank approved a 400-million-euro loan to Saab, guaranteed by the Swedish state. "The proposal to acquire...
February 13th, 2010 | Saab, Spyker | Read More

EU approves Swedish guarantee for loan to Saab

EU approves Swedish guarantee for loan to Saab
The EU's competition watchdog on Monday approved Swedish plans to act as guarantor for an European Investment Bank (EIB) to automaker Saab. The European Commission ruled that 83 percent of the 400-million-euro (600-million-dollar) loan was in line with temporary EU rules on state aid measures, drawn...
February 8th, 2010 | Saab | Read More

Spyker sees Saab in profit by 2012

Spyker sees Saab in profit by 2012
Dutch luxury sportscar maker Spyker said it expected its newly acquired Saab business to be profitable by 2012, with the former General Motors unit giving it a rare opportunity to develop a global brand. Sweden's Saab "will be repositioned towards an independent performance-oriented niche car company...
February 2nd, 2010 | Saab, Spyker | Read More

Sweden forced Russian out of Spyker to clinch Saab deal

Sweden forced Russian out of Spyker to clinch Saab deal
Sweden forced a Russian billionaire out of Dutch carmaker Spyker on suspicion of shady dealings before allowing the group to take over Swedish-based Saab, a newspaper reported Saturday. Business daily Dagens Industri, quoting a government official, said Swedish intelligence suspected Vladimir Antonov,...
January 30th, 2010 | Saab, Spyker | Read More

GM seals deal to sell Saab to Spyker

GM seals deal to sell Saab to Spyker
US automaker General Motors has agreed to sell its Saab brand to Dutch luxury sports car manufacturer Spyker, US television channel CNBC said Tuesday. A Spyker spokesman refused to confirm the report to AFP, and GM officials were not available to comment. But the Dutch financial market regulator suspended...
January 26th, 2010 | Saab, Spyker | Read More

Saab drivers hit the road to support car brand

Saab drivers hit the road to support car brand
More than 2,000 Saab drivers gathered in their cars in the Swedish brand's hometown Sunday to show support for the iconic mark that owner General Motors said it would wind down, an organiser said. "It's hard to know exactly how many cars there were, but an estimate we've done puts the number at 2,500,"...
January 19th, 2010 | Saab | Read More

Saab closure tragic but expected, Swedish media says

Saab closure tragic but expected, Swedish media says
While many in Sweden had hoped emblematic carmaker Saab could be sold to a new owner, General Motors' decision to close its money-losing brand was no surprise, Swedish editorialists agreed Saturday. GM said in a statement Friday it would wind down Saab Automobile after failing to reach agreement with...
December 19th, 2009 | Saab | Read More

GM signs deal to sell Saab to Swedish sports carmaker

GM signs deal to sell Saab to Swedish sports carmaker
Struggling US auto giant General Motors on Tuesday signed a binding agreement to sell Saab Automobile to Swedish sports carmaker Koenigsegg but the deal rests on the government providing necessary guarantees. "General Motors Co. today confirmed it has signed a stock purchase agreement with Koenigsegg...
August 18th, 2009 | Koenigsegg, Saab | Read More
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