Car Enthusiast - click here to access the home page


 


GM and Spyker reach agreement on Saab. Image by Spyker.

GM and Spyker reach agreement on Saab
Spyker finally makes the deal to take over Saab.
<< earlier Spyker article     later Spyker article >>

 


News homepage -> Spyker news

General Motors and Spyker Cars announced yesterday (Jan 26) that a takeover of Saab would be completed by February 15. According to the Dutch sportscar manufacturer, the company will be bought for a total of US$74 million (about 46 million), which will be paid in two instalments between February and July of this year. Although subject to a 400 million (350 million) loan agreement between Saab and the European Investment Bank, the takeover appears to be imminent.

The move will not come as a shock to anyone who has had an ear to the ground over recent months. In October 2009, Koenigsegg were on the brink of buying Saab from GM as a result of the American firm's financial problems. However, during the final stages of negotiations the planned takeover fell through, so leaving Saab open to other bidders.

The change of ownership appears to be a welcome occurrence for both companies. Saab has assets in the region of 1 billion Euros (890 million) that could prove useful to a relatively small firm such as Spyker. On the other hand, Saab has not been sitting pretty with a stark fall in production figures over recent years, producing only 39,903 cars in 2009 compared to its total of 89,086 cars in 2008. In terms of employment, Spyker's takeover could have saved up to 3,000 jobs for the Trollhattan company.

Both Saab and Spyker are unerringly positive about the situation. Victor Muller, Spyker CEO, stated: "We are very much looking forward to being part of the next chapter in Saab's illustrious history. Saab is an iconic brand that we are honoured to shepherd."

Jan Ake Jonsson, CEO at Saab said: "The agreement with Spyker Cars has secured Saab's future and will enable us to maximize the brand's future potential through an exciting new product line-up with a distinctly Saab character".

With production of the next generation 9-5 already in production, it will be interesting to note just how much of that 'Saab character' remains intact.

Kieran Fitzpatrick - 27 Jan 2010


2008 Spyker C8 Aileron. Image by Spyker.2008 Spyker C8 Aileron. Image by Spyker.2008 Spyker C8 Aileron. Image by Spyker.2008 Spyker C8 Aileron. Image by Spyker.2008 Spyker C8 Aileron. Image by Spyker.

2008 Spyker C8 Aileron. Image by Spyker.2008 Spyker C8 Aileron. Image by Spyker.2008 Spyker C8 Aileron. Image by Spyker.2008 Spyker C8 Aileron. Image by Spyker.2008 Spyker C8 Aileron. Image by Spyker.









www.spykercars.nl    - Spyker news
- images






Spyker C8 Preliator can do 201mph. Image by Spyker.
New Spyker Preliator
Spyker to hand-build just 50 C8 Preliator sports cars, costing from around 303,000.
 
Spyker B6 Spyder revealed. Image by Spyker.
Open Spyker
Drop-top Spyker B6 Venator is set to hit European markets by 2014.
Spyker teases new convertible model. Image by Spyker.
Spyker teases
B6 Venator Spyder to debut at Pebble Beach.

 
 215 Racing
 9ff
 A. Kahn Design
 Abarth
 Abt
 AC Cars
 AC Schnitzer
 Acura
 Aehra
 AIM
 Alfa Romeo
 Alpina
 Alpine
 Amari
 APS Sportec
 Arash
 Arden
 Ares
 Ariel
 Arrinera
 Artega
 Ascari
 Aston Martin
 Atalanta
 Atomik
 Audi
 Austin
 Auto Union
 Autodelta
 Autofarm
 Autosport
 AVA
 Avatar
 Axon
 Aznom
 BAC
 BAIC
 Bentley
 Bertone
 Bizzarrini
 Bloodhound
 Bluebird
 BMW
 Bosch
 Bowler
 Brabham
 Brabus
 Breckland
 Bridgestone
 Brilliance
 Bristol
 Bugatti
 Buick
 Burton
 BYD
 Cadillac
 Callaway
 Callum
 Caparo
 Capstone
 Carlsson
 Caterham
 CCG
 Chang'an
 Changfeng
 Chevrolet
 Chevron
 Chongfeng
 Chrysler
 Citroen
 Climax
 Connaught
 Cooper Tires
 Corvette
 Cummins
 Cupra
 Dacia
 Daewoo
 Daihatsu
 Daimler
 Dartz
 Datsun
 David Brown
 David Brown Automotive
 DDR
 De Tomaso
 Delta
 Detroit Electric
 Devon
 Dodge
 Donkervoort
 Drayson
 DS
 Eagle
 Eagle E-type
 EDAG
 edo competition
 Eterniti
 Everrati
 Evisol
 Exagon
 FAB Design

 
 Factory Five
 Faralli & Mazzanti
 Fenix
 Fenomenon
 Ferrari
 Fiat
 Fisker
 Ford
 G-Power
 Geely
 Gemballa
 General Motors
 Genesis
 Ginetta
 Giugiaro
 Glickenhaus
 GMC
 Goodwood
 Google
 Gordon Murray
 Gordon Murray Automotive
 Gordon Murray Design
 Gray Design
 Great Wall
 GTA
 GTM
 Gumpert
 Hamann
 Hartge
 HBH
 Heffner Performance
 Hennessey
 HERE
 HiPhi
 Holden
 Honda
 Hulme
 Hummer
 Hyundai
 I.D.E.A
 Icona
 IFR
 Infiniti
 Ionity
 Isis
 JAC
 Jaguar
 Jeep
 Jensen
 Jetstream
 JJAD
 Joss Developments
 Kahn
 Kamala
 Keating
 Kia
 Koenigsegg
 KTM
 Kumho
 Lada
 Lagonda
 Lamborghini
 Lancia
 Land Rover
 Lexus
 Liberty
 Lightning
 Lincoln
 Lister
 Loma Performance
 Lorinser
 Lotus
 LupiniPower
 Luxgen
 Mahindra
 Mansory
 Maserati
 Mastretta
 Maybach
 Mazda
 McLaren
 Mercedes
 Mercedes-AMG
 Mercedes-Benz
 Mercedes-Maybach
 Mercury
 Metrocab
 MG
 Michelin
 MINI
 Mitsubishi
 MMI
 Monte Carlo
 Mopar
 Morgan
 Mosler
 MTM
 Munro
 NAC MG
 Nichols Cars
 Nissan
 NLV

 
 Noble
 Novitec
 Opel
 Overfinch
 Pagani
 Perodua
 Peugeot
 Piaggio
 Pininfarina
 Polestar
 Pontiac
 Porsche
 Praga
 Preview
 Prodrive
 Project Runningblade
 Project Velocity
 Proton
 Protoscar
 Qoros
 Radical
 Range Rover
 Red Bull
 Renault
 Reva
 Rimac
 Rinspeed
 RoadRazer
 Rolls-Royce
 Ronn Motor Company
 Rover
 RUF
 Saab
 SAIC
 Saleen
 Saturn
 Scagliarini
 SCG
 Scion
 SDR Sportscars
 SEAT
 Sin
 Singer
 Skoda
 Smart
 Soleil
 Spada
 speedArt
 Sportec
 Spyker
 SRT
 Ssangyong
 SSC
 Startech
 STaSIS
 Subaru
 Suzuki
 Suzusho
 TAD
 Tamiya
 Tata
 Techart
 Tesla
 The Little Car Company
 THINK
 Thunder Power
 Tojeiro
 Tommy Kaira
 TomTom
 Toray
 Toyota
 Trabant
 TranStar
 Trident
 Tushek
 TVR
 TWR
 UKCOTY
 Vanda Electrics
 Vauxhall
 Velozzi
 Vencer
 Venturi
 Veritas
 Vizualtech
 VL Automotive
 Volkswagen
 Volvo
 VUHL
 WCA
 WCotY
 Webasto
 Westfield
 Wiesmann
 Xenatec
 Yamaha
 Zagato
 Zarooq
 Zeekr
 Zenos
 Zenvo



 
 






External links:   | Irish Car Market News |

Internal links:   | Home | Privacy | Contact us | Archives | Old motor show reports | Follow Car Enthusiast on Twitter | Copyright 1999-2024 ©