Bloomberg news agency receives confirmation from Spyker that deal is done
26 January 2010

Spyker is set to be announced as the buyer of Saab at a press conference this evening.

A conference has been scheduled for 19.15 CET this evening - 18:15 UK time.

The deal is reported to have been signed with GM today, with news agency Bloomberg saying it has an emailed statement from Spyker confirming the sale.

Spyker intends to change its name to Saab Spyker Automobiles. Spyker's chairman, Russian banker Vladimir Antonov, has reportedly sold his shares to an equity firm owned by Spyker CEO Victor Muller.

Reports suggest Spyker will give GM $75 million (£47m) for Saab, while GM will keep another $100m (£62m) in current Saab liquidity, and $325m (£210m) in preferred shares from the new, Spyker-owned Saab company.

Earlier this afternoon Dutch financial authorities announced that trading in Spyker shares was suspended, prompting speculation that a deal to purchase Saab is about to be announced.

Twitter - follow autocar.co.ukSee all the latest Saab reviews, news and video

Find an Autocar car review

Driven this week

 

Join the debate

Comments
8

26 January 2010

If true fantatstic news almost makes me want to go out a buy a Saab!!

An iconic brand has been saved and with the 9-4 and 9-5 have got products to start moving in the right direction. If the 9-1 was still being developed even last year and a fresh 9-3 hatch can appear very soon Saab will satrt to grow again. All this PR around Saab has actually raised the brands profile IMO and if they can build on that with a killer product range there is hope for a better future..................

26 January 2010

Brilliant. At last. Really happy for Saab and its workers. I think a drink to the health of Saab is due for tonight :)

26 January 2010

[quote fuzzybear]

Brilliant. At last. Really happy for Saab and its workers. I think a drink to the health of Saab is due for tonight :)

[/quote]

I'll second that. It really would have been a travesty if the new 9-5 hadn't gone in to production.

26 January 2010

Fantastic news!! Saab deserve the chance to prove what they can do unshackled from GM! Griffin Up!!! :))

26 January 2010

[quote JezyG]If true fantatstic news almost makes me want to go out a buy a Saab!![/quote]

In the frozen land of Nador, they were forced to eat Robin's minstrels; and there was much rejoicing.

You don’t need a weatherman
To know which way the wind blows
—Robert Allen Zimmerman

26 January 2010

[quote jackjflash]In the frozen land of Nador, they were forced to eat Robin's minstrels; and there was much rejoicing.[/quote]

how strange, i watched that for the first time in a long time just last night

Anyway, great news about Saab! Will be interesting to see how they develop under Spyker

26 January 2010

Now all they need to do now is transfer the production to Coventry for these cars too......

26 January 2010

I hope they dump every single component that comes from GM and create something truly original and unique. I want something uber-cool and edgy. The new 9-5 is not such a car.

Add your comment

Log in or register to post comments

Find an Autocar car review

Driven this week