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Vancouver Auto Chat 2016 VAC Community Head Moderator: Raid3n

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Old 01-27-2010, 02:40 PM   #1
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Spyker bought SAAB for 400 million

From GM's website:

GM Reaches Agreement to Sell Saab to Spyker











DETROIT – General Motors and Spyker Cars NV today confirmed that they have reached a binding agreement on the purchase of Saab Automobile AB.


"Today’s announcement is great news for Saab employees, dealers and suppliers, great news for millions of Saab customers and fans worldwide, and great news for GM,” said John Smith, GM vice president for corporate planning and alliances.


“General Motors, Spyker Cars, and the Swedish gov worked very hard and creatively for a deal that would secure a sustainable future for this unique and iconic brand, and we're all happy for the positive outcome,” Smith said.


As part of the agreement, Spyker intends to form a new company, Saab Spyker Automobiles, which will carry the Saab brand forward. The sale will be subject to customary closing conditions, including receipt of applicable regulatory, goval and court approvals. Other terms and conditions specific to the sale will be disclosed in due time.


The Swedish gov is at present reviewing the transaction and the related request for guarantees of a Saab Automobile loan that has been requested from the European Investment Bank. Assuming quick action, the transaction is expected to close in mid-February, and previously announced wind down activities at Saab will be immediately suspended, pending the close of the transaction.


“Throughout the negotiations, GM has always had the hope to find a solution for Saab that would avoid a wind down of the brand,” added Nick Reilly, president, GM Europe. “We’ve worked with many parties over the past year, including govs and investors, and I’m very pleased that we could come to such a good conclusion, one that preserves jobs in Sweden and elsewhere. GM will continue to support Saab and Spyker on their way forward.”



good news!!
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Old 01-27-2010, 04:22 PM   #2
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holy shit.. nice!!
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Old 01-27-2010, 06:07 PM   #3
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very nice news indeed
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Old 01-27-2010, 06:19 PM   #4
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Sweet. Hopefully the new line of cars that they develop look as good as the one in the pictures above!
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Old 01-27-2010, 06:34 PM   #5
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I dont know if it will work tho:
"Spyker sold 43 cars in 2008, when it posted a loss of $35m (£21m). It has yet to make a profit in six years"
"Saab lost 3bn kronor (£255m; $412m) in 2008, and has not made a profit since 2001"

Those 2 together doesnt sound like will do well.

source:
http://news.bbc.co.uk/2/hi/business/8481621.stm
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Old 01-27-2010, 06:42 PM   #6
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Quote:
Originally Posted by NNT View Post
I dont know if it will work tho:
"Spyker sold 43 cars in 2008, when it posted a loss of $35m (£21m). It has yet to make a profit in six years"
"Saab lost 3bn kronor (£255m; $412m) in 2008, and has not made a profit since 2001"

Those 2 together doesnt sound like will do well.

source:
http://news.bbc.co.uk/2/hi/business/8481621.stm
at least brand image is consistent
"We're Losing money! And fast!"
lol
im still interested in seeing what they can make from Saab
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Old 01-27-2010, 08:35 PM   #7
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WOW!!

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Old 01-27-2010, 09:32 PM   #8
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SAAB super car anyone..?
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Old 01-27-2010, 11:19 PM   #9
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Sweet. Hopefully the new line of cars that they develop look as good as the one in the pictures above!
You will see that around spring.
That's the new generation 9-5.
IMHO, its much better looking than its competitors like the 5 series/ A6.
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Old 01-27-2010, 11:23 PM   #10
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YES! finally a chance to see a jet inspired saab... maybe
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Old 01-27-2010, 11:30 PM   #11
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Right on. I was worried they were sunk for good after the Koenigsoenigeseggs deal fell through.
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Old 01-27-2010, 11:37 PM   #12
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You will see that around spring.
That's the new generation 9-5.
IMHO, its much better looking than its competitors like the 5 series/ A6.
yes i was trying to get my dad to get that then saab went to hell -_-
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Old 01-27-2010, 11:58 PM   #13
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Look at the support for SAAB around the world, it's simply heartwarming!

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Old 01-28-2010, 01:57 AM   #14
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that truly is good news
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Old 01-28-2010, 02:45 AM   #15
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I like their designs but not the prices
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Old 01-28-2010, 05:25 AM   #16
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I like their designs but not the prices
yeah.. i actually considered one.. and then i saw the price i was like..
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Old 01-28-2010, 08:05 AM   #17
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save saab
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Old 01-28-2010, 11:26 AM   #18
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Yay SAAB!
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Old 01-28-2010, 02:08 PM   #19
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coool, the new saabs r gonna gook like ariplanes too?
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Old 03-29-2010, 04:22 AM   #20
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bumping an old thread i know... but i have a lil gripe.. i figured that since Spyker took over Saab that we'd see them being sold here once again but they aren't

but Saab's are still being sold in Europe

why not here :/


was seriously planning on the 9-5 too
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Old 03-29-2010, 08:41 AM   #21
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becuz we get owned on every item in canada


food, brands, cars etc
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Old 03-29-2010, 12:41 PM   #22
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are dutch known for any car brand other than spyker?
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