Swedish Saab Dealers Offer Help
Feb 7, 2010
By Henny Hemmes Senior European Editor AMSTERDAM, February 6. Swedish Saab dealers want to financially support Spyker Cars, in case the Dutch company needs money to buy Saab from GM. According to the Swedish financial daily newspaper âDagens Industrieâ the Saab dealers will be able to find the 17 million euro ... Continue reading
International Car Brands See Mixed Start to 2010
Feb 4, 2010
As the new year began, international automakers experienced mixed results in Januaryâs sales figures. While international nameplates maintained their share of the U.S. market â averaging a 1.5 percent improvement over January 2009 â some, such as Toyota, saw sales decline. âJanuary was a mixed bag f ... Continue reading
Spyker Provides Further Details On Saab Acquisition
Feb 2, 2010
In advance of the General Meeting of Spyker shareholders, to be held on 12 February 2010, and which was convened on 28 January 2010, Spyker Cars N.V. ("Spyker") provides further strategic and financial details regarding its acquisition of Saab Automobile AB ("Saab"). ... Continue reading
Jubilant Saab Crowd Welcomes New Ownership - VIDEO FEATURE
Feb 1, 2010
TROLLHATTAN, Sweden - After news that a successful deal had been struck for Spyker Cars to by the controlling interest in Saab from General Motors, Spyker CEO Victor Muller joined with Saab CEO Jan Åke Jonsson to speak to Saab employees and the press. SEE ALSO: Click PLAY to watch video. ... Continue reading
Saab Community Is Blowing A Hole In The Air
Jan 29, 2010
By Henny Hemmes Senior European Editor, AMSTERDAM, January 29. The Saab communities in many countries are happy with the fact that âtheirâ brand is saved. Last night, Cees van de Berg, managing director of the Saab distributor in The Netherlands, was sitting on the first row of the Pauw & Witteman talk show, ... Continue reading
EU Not Happy With GM Saab Spyker Deal
Jan 29, 2010
Swedish guarantee for Saab Spyker loan to be tested by EU By Henny Hemmes Senior European Editor Amsterdam Bureau The Auto Channel The take over of Saab by Spyker is not a run race yet. A member of the European Union raised concern about the Swedish government to guarantee the loan of 400 million euro provided by the E ... Continue reading
Spyker Pays $74 Million for Saab
Jan 27, 2010
By Henny Hemmes Senior European Editor AMSTERDAM - January 27, 2010Spyker reached a deal yesterday night with General Motors for the take over of Saab. Yesterday morning I spoke to Victor Muller, CEO of the Dutch sports car manufacturer, who by that time could only say that he was in Stockholm and that there was â ... Continue reading
It's Final, GM Reaches Agreement to Sell Saab to Spyker
Jan 26, 2010
DETROIT, Jan. 26 -- General Motors and Spyker Cars NV today confirmed that they have reached a binding agreement on the purchase of Saab Automobile AB. "Today's announcement is great news for Saab employees, dealers and suppliers, great news for millions of Saab customers and fans worldwide, and great news for GM," sai ... Continue reading
Terms of Agreement Between GM and Spyker on Deal for Saab
Jan 26, 2010
GM and Spyker Cars announce a binding agreement over the transfer of ownership of Saab Terms are agreed and the deal is expected to close in February Saab's future as an independent company is secured Saab will exit the orderly wind-down process Spyker shareholders will restructure at closure of the deal Swedish Govern ... Continue reading
BREAKING NEWS: Saab Appears to Be Going to Spyker But No Deal Yet Says GM - VIDEO ENHANCED
Jan 25, 2010
Saab Goes to Spyker By Henny Hemmes Senior European Editor Amstrerdam January 25, 2010; Just two hours before the announced business update by GM CEO Ed Whitaker, we got news about the Saab take over. Spyker Cars that placed a new bid for Saab on January 7, is said to be accepted by GM as the buying party. The European ... Continue reading
Spyker -Saab Outcome Soon says CEO Muller
Jan 21, 2010
AMSTERDAM, Jan 21, 2010; Aaron Gray-Block writing for Reuters reported that Dutch luxury car maker Spyker Cars said on Thursday it expected the outcome of talks to buy Swedish auto brand Saab from General Motors "very soon". General Motors had nominated two wind-down supervisors last week, but at the same said it was c ... Continue reading
Spyker CEO says still in talks with GM over Saab
Jan 18, 2010
AMSTERDAM January 18, 2010 Ben Berkowitz reporting for Reuters said that Dutch luxury car maker Spyker Cars said on Monday it was still in talks to buy Swedish auto brand Saab from General Motors, but gave no indication of when a deal might be clinched. The future of Saab is hanging in the balance after U.S. owner Gene ... Continue reading
Saab Automobile Produces its First Convertible in Sweden (???) - VIDEO ENHANCED
Jan 13, 2010
We keep hearing that Saab is Dead; Maybe someone should tell the factory Trollhättan, Sweden - January 13, 2010: The first Saab Convertible to be built in Sweden rolled off the line at Saab Automobile's production facility in Trollhättan. All previous Saab Convertibles have been built outside of Sweden, first at Valm ... Continue reading
Jan 9, 2010
Detroit January 8, 2010: GM today confirmed it has selected AlixPartners to supervise the orderly wind down of Saab, and has requested approval of the selection by the appropriate authority in Sweden. The use of a wind down supervisor is a commonly-used process in Sweden and works in the interest of the shareholder. Th ... Continue reading
Dutch Carmaker Spyker Sweetens Bid for Saab
Jan 8, 2010
STOCKHOLM/AMSTERDAM January 8, 2010; Nicholas Vinocur and Harro ten Wolde writing for Reuters reported that Dutch luxury carmaker Spyker (Amsterdam:SPYKR.AS - News) submitted an improved bid for Sweden's Saab to General Motors Co on Thursday, just ahead of a key deadline that could prompt closure of the brand. "We have ... Continue reading
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