GM to sell Saab to Spyker

[Lars77]

Source: Al Jazeera



The tiny Dutch sports carmaker Spyker has clinched a last-minute deal to buy Sweden's Saab, which just days ago had appeared to be heading for oblivion.

General Motors sold the struggling manufacturer for $74m, subject to Saab being allowed to borrow $564m from the European Investment Bank (EIB), a loan that Sweden announced on Tuesday it would guarantee.

Stockholm said the EIB and European Commission were still reviewing the loan.

Read more: http://english.aljazeera.net/business/2010/01/201012620233841255.html

[RUMMYisFROSTED]

1. $74M to $564M

I smell horseshit.

[madrchsod]

2. that`s good news for us saab lovers.....!

[Lars77]

3. Saab's are good cars

And it's important to keep one of the few remaining individualistic car makers. Car makers like Saab and Citroen provide something for people who would like something different and a little more interesting, yet accessible for average people.

[madrchsod]

4. i`ve owned around 30 1963-1967,

a bunch of 99`s, and a really bad 9000 saab.

[Peregrine Took]

5. Almost 25 years of Saabs here.

With a new 9-5 sitting in the garage. Whew!