Spyker Cars has confirmed it has finalised the deal with General Motors to purchase troubled Swedish car maker Saab. The transfer of ownership took place at 16:30 on February 23. Going forward Saab Automobile and Spyker Cars will operate as sister companies under the umbrella of the Amsterdam Euronext listed parent company Spyker Cars N.V. [...]

The process of Spyker’s take over of Saab reached another milestone over the weekend as the EIB confirmed its authorisation to conclude the EUR 400 million loan to SAAB Automobile AB.
Victor Muller, Spyker CEO said: “We are extremely pleased with the decision by the EIB as this was a crucial component in enabling the acquisition [...]

Korean car giants Hyundai and Kia will both be celebrating after seeing a massive increase in their market share according to new figures from The Society of Motor Manufacturers and Traders (SMMT) released today, with the Hyundai i10 now firmly established in the top 10 car models sold in the UK.

Hyundai has recorded an incredible [...]

After the purchase of Saab was finalised last week, Spyker has announced plans to shake up the brand and renew the product portfolio with the launch of new models this summer. There are also plans for the company to become known as simply “Saab Spyker”.
The restructure will mean Saab will become a stand-alone niche manufacturer [...]

After months of negotiations, Spyker has bought Saab, a subsidiary of General Motors (GM) for $74 million.
Terms have been agreed and the deal is expected to be finalised before February 15.
The new deal includes a 400-million euro loan to Saab from the European Investment Bank, with a Swedish government guarantee subject to approval by the [...]

General Motors (GM) is set to make a final decision on the fate of Saab no later than early February, GM Europe president Nick Reilly told reporters at the Detroit Motor Show this week.
Talks with potential buyers – including F1 czar Bernie Ecclestone and partner Genii Capital – are ongoing, he said but cautioned that [...]

Its days may be numbered as a General Motors brand, but the Saab name may still have a future – in motor sport.
Formula One tycoon Bernie Ecclestone believes the ailing Swedish car maker could have a future in racing as he teamed up with Genii Capital, the Luxembourg-based investment company, to submit a bid to [...]

General Motors has confirmed that it is to begin the process of closing Swedish car brand, Saab.
The car giant has appointed restructuring group, AlixPartners to ‘supervise the orderly wind down of Saab’.
Last minute bids to rescue the carmaker have been so far unsuccessful, but GM said in a company statement that that it ‘has received [...]

General Motors (GM) is believed to have extended its deadline set for today (December 31) for bids on car brand Saab. The carmaker is  in talks with bidder Spyker cars which is considering buying its Swedish brand.
GM had originally announced plans to discontinue the brand earlier in the month after talks with Spyker and another [...]

Though the final nail appeared to have been hammered into the coffin of Saab on Friday when General Motors announced the ‘wind-down’ of the brand (see article), now there appears to be fresh hope.
Dutch luxury car maker Spyker has made a new offer to GM for the Swedish brand – an 11 point proposal said [...]