Archives

Saab

Official: Spyker will buy Saab from GM

View

After more than one month of negotiations, Spyker and GM reached an agreement regarding to the future of Saab. Spyker will pay 400 million dollars, following the newly formed company to be named Spyker Saab Automobiles.

Happy ending in the business that put on fire the auto industry last month. After General Motors announced in late December that will liquidate the Saab brand after Koeniggsegg has withdrawn the offer of purchase and after a month when news ranged from closing brand to buying it, Spyker has finally officially come to an agreement with GM to take over the Swedish brand.

According to the official communications presented by the two parts involved in the business, Spyker will pay 400 million dollars in order for total surrender of Saab brand. The Swedish state removed any question mark on the evening of Tuesday, when it announced it would guarantee the entire amount. The agreement will be signed in mid-February, Saab and Spyker following to form a single company, as I told you, Spyker Saab Automobiles.

Andrei Ursu
the authorAndrei Ursu
Andrei is one of the oldest automotive journalists of Automotorblog and has written more than 3000 articles for our publication. He has been passionate about cars since he was a small child, and he joined our team of writers in 2009. In addition to his passion for cars, he is also passionate about music. In his free time, he composes songs and sings them, which also brought him real success in the musical field.

Leave a Reply

Share This Article
Send this to a friend