As we reported before, it may seem like Spyker was one of the unlikely buyers of Saab but the thing for sure is that it is set to struggle with the real challenge which is to convert two loss-making companies into a profitable one. Spyker Chief Executive Victor Muller also bought out his largest shareholder, [...]
Posts under ‘Saab’
Done Deal: Spyker Buys Saab From GM |
General Motors has officially announced it has reached a deal with the Dutch supercar builder Spyker over the sale of its Saab brand. Reports suggest that the arrangement takes the form of a RM 252 million cash deal with another RM 1.9 billion coming from a European Investment Bank loan that has been guaranteed by [...]
GM Not Giving Up On Finding Buyer For Saab |
GM hasn’t lost hope that it will find a buyer for Saab following the breakdown of negotiations with Swedish sports car maker Koenigsegg. Swedish government officials said GM still appears to believe that a suitable buyer can be found for the premium automobile brand. “I talked to GM last night and my impression is that [...]
Koenigsegg Pulls The Plug On Saab Sale |
Koenigsegg, the Swedish supercar builder, has terminated a deal to purchase premium automaker Saab. No details on why the deal went sour, except for GM stating that the proposed sale “was terminated at the discretion of the buyer.” “We’re obviously very disappointed with the decision to pull out of the Saab purchase,” said Fritz Henderson, [...]