Saab-Spyker is Go: EIB reportedly approves 400M euro loan, Spyker shareholders agree to Saab purchase
- Jonny Lieberman
- Feb 12, 2010
- Jeremy Korzeniewski
- Feb 8, 2010
Spyker's deal to purchase General Motors' ailing Saab division out of the throes of insolvency appears to be moving along quite nicely. Production of vehicles is underway, a plan is in place to launch critical new models and the European Union has approved of a European Investment Bank loan of 400 million-euros ($546 million) to Spyker.
- Dan Roth
- Jan 18, 2010
Saab floats along in limbo as General Motors figures out what to do with its Swedish plum, meaning that dealers are stuck with moribund product to try and unload. It's as nasty as it sounds for the automaker, but for buyers, it means deals on Saabs like never before.
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