SAAB Lives! Spyker signs deal to purchase Swedish auto maker
Jan.26, 2010 in
Automotive
On again, off again, this time it’s on…at least for now. Spyker has agreed to up it’s bid for Saab, and it appears to be a done deal. The deal is reportedly worth about $500 million. The sale comes after a year of trying to peddle Saab. One deal with Swedish sport car specialist Koenigsegg AB had already fallen through. GM was so certain that a buyer wouldn’t be found that they even sent two advisors in to start liquidating the company. Assuming the sale closes, the company will be called Saab Spyker Automobiles but will still use the Saab brand.
Source: Business Week
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