Saab-Spyker Deal Finalised

Updated 18:30

The Dutch luxury sports car maker Spyker has finalised the purchase of the Swedish car brand Saab. "The transfer of ownership took place at 4:30 pm on February 23," Spyker said in a statement.

"This is a happy day for everybody who have got Saab in their hearts, both for me, the employees, the customers and the dealers," Saab CEO Jan Åke Jonssson told reporters at a press conference in Stockholm on Tuesday.

And Spyker CEO Victor Muller said he was sure the new business plan would work and that he expects Saab to be selling "something to the north of" 100,000 cars. He talked of the importance of making customers understand that a Saab really is for the future. He said "Saab has lost a lot of its DNA over the last few years, we are going to get that back and produce Saab-saabs."

Saab Automobile and Spyker Cars are expected to operate as sister companies under the umbrella of Spyker Cars N.V, which is listed on the Amsterdam Euronext exchange.