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GM Confirms: Spyker Will Buy Saab

Published tisdag 26 januari 2010 kl 17.31

After 14 months of negotiations and many ups and downs, it is finally clear that the American car giant General Motors has agreed to sell Saab to the Dutch car maker Spyker. "Today's announcement is great news for Saab employees" said John Smith, GM vice president for corporate planning and alliances, in a press release on the company website.

In a press conference on Tuesday evening, Sweden's minister of Trade and Enterprise, Maud Olofsson, confirmed that the Swedish Government is prepared to stand as a guarantor for the loan to Spyker-Saab that has been requested from the European Investment Bank EIB. The two missing pieces in the jigsaw is a green light from the European Investment Bank and from the European Commission but Maud Olofsson did not expect that this would cause any problems.

According to GM, the deal can be finally sealed in mid-February, if everything goes according to plan. 

According to GM, Spyker Cars will form a new company called Saab Spyker Automobiles.

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