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european investment bank

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    Report: Sweden picks up tab on bankrupt Saab's EU loan

    Way back at the beginning of Saab's struggle for life after General Motors, exotic car firm Spyker was granted a €400-million loan ($527M U.S.) from the European Investment Bank. The loan was approved after it was guaranteed by Sweden's Debt Office, and Saab's recent bankruptcy filing forced ...

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    Report: Saab working to replace EIB loan to speed Antonov takover, can't pay wages

    Keeping your staff happy is key to running a successful company. One of the main ways to do that is to pay them, which is an area in which Saab is once again experiencing a bit of trouble. Specifically, Saab cannot pay white-collar employees because committed funds have not yet been fully ...

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    EIB green-lights Swedish Automobile property sale as Saab eyes production restart

    Part of the Saab gambit for survival has been approved by the European Investment Bank. Saab's parent company, Swedish Automobile, has been requesting approval for a plan to sell part of the property that its factory sits on in Trollhättan to a group of real estate investors led by Hemfosa ...

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    Saab to resume production after securing short-term loan

    Production at Saab's Trollhättan, Sweden plant has been shut down for weeks due, as these things often are, to a lack of cash needed to pay suppliers. That should change in the next week, though, as Saab parent Spyker has announced that it has secured a convertible loan agreement with Gemini ...

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    Deja-Vu: Saab's chances of survival depend on... General Motors?

    The Saab Shutdown of 2011 grinds on, with uncertain finances threatening to silence the operation for good. Even though Spyker took on the ailing brand, former owner General Motors is still the key to Saab surviving, The New York Times reports. Saab's Trollhättan plant ground to a halt in ...

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    Volvo denies talk of Saab takeover,
    Muller looking for partner in China

    It looks like Volvo and Saab won't be teaming up to create one Swedish carmaker to rule them all. According to Reuters, Volvo has made it clear that the company has had no talks with Saab about buying the besieged automaker and that none are scheduled to take place. The Swedish newspaper De ...

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    Report: Swedish gov't. working on freeing up Saab loan

    The last few weeks haven't been easy for Saab, as the Swedish automaker has had to stop production twice due to supplier issues. Not just any problems, either, as the suppliers wanted to get paid, and Saab simply didn't have the cash. That led to widespread speculation that the automaker was ...

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    Geely-owned Volvo seeks €600 million EIB loan

    2011 Volvo S60 - Click above for high-res image gallery
    Volvo received a €200 million loan from the European Investment Bank in March of this year, and sought another €300 million to cement its finances as it navigated the process of being sold by Ford. The rest of the funds were put on ...

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    Saab-Spyker is Go: EIB reportedly approves 400M euro loan, Spyker shareholders agree to Saab purchase

    Spyker-Saab is reportedly passing "Go" and collecting $547 million while they're at. According to Automotive News, the €400 million loan courtesy of the European Investment Bank (EIB) has received final approval. There's even more good Saab-related news (that almost feels weird to type) ...

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    Breaking: Swedish loan guarantee for Saab reportedly wins EU approval

    What is thought to be one of the last remaining hurdles for the acquisition of Saab Automobile by Spyker Cars from General Motors has reportedly been cleared – the Swedish government's endorsement of a pivotal European Investment Bank loan has been okayed by the European Union. Bloomberg ...

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    REPORT: First step of Saab salvation complete, EIB to give €400m loan

    2010 Saab 9-5 - Click above for high-res image gallery
    Like Great Britain, Sweden never switched over to the Euro – they still deal in kroners. Therefor, In order to keep Saab afloat after being jettisoned by General Motors, new owner Koenigsegg Group has determined that it needs a loan of ...

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    REPORT: Major obstacle cleared as Swedish government to guarantee $615M EIB loan for Saab

    2010 Saab 9-5 - Click above for high-res image gallery
    A major hurdle in Saab's transfer to the homegrown hands of Sweden's Koenigsegg has been surmounted: the Swedish government has agreed to guarantee a 4.3 billion kroner ($615M U.S.) loan from the European Investment Bank to the Koenigsegg ...


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