It's a Saab story, we know, but this is – in all likelihood – the end of the road for Sweden's "other" automaker. Sure, there are still talks of one foreign entity or another picking up where GM and Swedish Automobile (Swan)/Spyker left off, but even if they do, they'll have a heck of a lot of work on their hands. And that includes rebuilding its presence in North America.
- Damon Lavrinc
- Sep 28, 2011
According to a report by the Financial Times, Spyker Cars has been offloaded to a Connecticut-based private equity firm after a deal to sell the supercar manufacturer to another set of investors failed a few months back.
- Jeremy Korzeniewski
- Aug 17, 2011
If things don't rapidly start falling in Saab's favor, it's seeming more and more likely that the Swedish automaker may be at the tail end of its ninth life. The Swedish Enforcement Agency has reportedly contacted various banks holding assets for the troubled company, informing them that they may legally seize those assets in an effort to pay back roughly $625,000 owed to Saab's unpaid suppliers.
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