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 Tagged ‘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 [...]
Saab Lifeline Extended Again |
Dutch luxury carmaker Spyker submitted an improved bid for Sweden’s Saab to General Motors Co yesterday, just ahead of a key deadline that could prompt closure of the brand. GM, which three weeks ago said it would shut down the 60-year-old automaker, did not indicate how it would treat Spyker’s bid or any other bids [...]
The Sad Sad Saab Story |
As we all know , the Saab brand which is owned by GM has been on the chopping board for the good part of this whole year. It seems the financial fiasco of 2009 has been the final nail in the coffin for this Swedish manufacturer of aeroplanes and automotive masterpieces. The Saab brand has [...]
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 [...]