GM has decided that Spyker backer Vladimir Antonov is not a ‘Red under the Bed’ or the Russian Mafia’s banker after all. So now they’re happy to bank his money. Some detected the odour of McCarthyism when GM told Spyker there could be no deal on Saab unless it showed major backer Vladimir Antonov the door. Which seemed […]
Spyker network grows through Saab
Victor Muller is growing the Spyker dealer network by adding Spyker franchises at suitable Saab dealerships. The network will grow to 90 by 2011. Victor Muller has been a very busy boy this last six months in his quest to take control of Saab. So you may be forgiven for thinking that the company that […]
Spyker signs deal to sell in China
Spyker has signed a deal with Chinese luxury car importers China Automobile Trading Company to sell Spykers quirky Supercars in China. If you’ve been living hermit-like in a cave for the last few years you may be wondering why Spyker would even try to sell cars in the People’s Republic. On the other hand, if […]
Spyker Saab deal finalised
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 […]
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 […]