The official transfer of Saab to Spyker has now been completed and production of the new Saab 9-5 can begin in earnest. We wondered if we should bother letting you know that the deal for Spyker to buy Saab has been completed. But having spent what seems an interminable amount of time covering every failed […]
Saab Spyker Business Plan Press Release
ACQUISITION RATIONALE AND SAAB BUSINESS PLAN ZEEWOLDE, The Netherlands (1 February, 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”). […]
Spyker – UK jobs safe despite Saab deal
Victor Muller – Spyker CEO – has told Cars UK that the takeover of Saab will not affect UK jobs involved in the production of Spyker Cars by CPP Manufacturing. The last few weeks have been full of the ‘Spyker buys Saab‘ deal and although there will be plenty to report going forward as Spyker’s […]
Spyker buys Saab – the deal really is done
GM has finally found a deal it can live with and Spyker are to take control of Saab. I know, you’ve seen headlines that say something similar once or twice before. But finally – after what seems an age of negotiation and a real flurry of activity yesterday – the deal for Spyker to buy […]
Saab Saga – Bernie Ecclestone and Genii withdraw
Genii Capital – together with Bernie Ecclestone – have withdrawn from the battle to buy Saab. Another day, another Saab Saga story. Yesterday was all about the ‘Have they – Haven’t they’ reached a deal between GM and Spyker. Bloomberg had reported earlier in the day that a deal was done and even came up […]
Spyker Saab deal NOT done
GM boss Ed Whiteacre has announced at a GM press conference that there is no deal in place yet with Spyker and that the wind-down of Saab will continue. Half the news today has been on the Spyker Saab deal. We had speculation by Bloomberg that a deal was done and that seemed likely to […]
Spyker Saab deal – the confusion continues
We’re getting conflicting messages from GM and Spyker over whether the deal to sell Saab to Spyker is close to concluding. After we received reports this morning that the deal by Spyker to buy Saab looked to be sorted, we’re now getting totally confused. First we got an email in to say that GM were holding a […]
Spyker buys Saab – deal done?
Spyker boss Victor Muller seems to have concluded a deal with GM to buy Saab in a deal worth around $500 million. In what is probably the most public and drawn out sale of a car maker in history (we came to the conclusion that GM didn’t want to sell Saab) it would seem as […]
Bernie Ecclestone wants Saab – Spyker make new bid
Spyker has revised their offer for Saab after Genii Capital – backed by F1’s Bernie Ecclestone – submitted a last minute bid for the Swedish car maker. I think if we tried really hard we could be doing at least one story a day on the saga that is the sale of Saab by GM. […]
Want to buy a used Saab? Be quick.
Used car magazine are saying that current used Saab prices represent a terrific bargain and are unlikely to remain so low, despite concerns over Saab’s future. The headline sounds a bit like something GM have dreamed up to shift remaining stock. But it’s not. It’s the advice that comes from UK used car experts ‘Used […]