Production at Saab has now restarted under the ownership of Spyker, with a 2010 Saab 9-5 being the first off the production line today. It’s been a long and sometimes fraught road back to production for Saab. Almost sinking in to oblivion after GM decided to wind it down after failing to secure a buyer who would […]
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”). […]
Saab Spyker – the future explained
Saab Spyker have released details of their business plan, including the launch of the 2010 9-5 and the 9-4 X crossover. Yesterday we reported that Spyker jobs in the UK are safe despite worries that the takeover of Saab by Spyker could lead to the work done in the UK by CPP Manufacturing being moved […]
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Genii Capital – together with Bernie Ecclestone – have withdrawn from the battle to buy Saab.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. […]