2010-02-23

Done

Good luck to Saab and the new owner

2010-01-26

Official press release by GM

http://media.gm.com/content/media/us/en/news/news_detail.brand_gm.html/content/Pages/news/us/en/2010/Jan/0126_saab

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 government 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, governmental and court approvals. Other terms and conditions specific to the sale will be disclosed in due time.

The Swedish government 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 governments 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.”

SAAB GERETTET. MISSION ERFÜLLT

Wie die Nachrichtenagentur Bloomberg.com soeben mitteilt, ist heute der glücklichste Tag im Leben aller Saab-Fahrer und -Enthusiasten.

General Motors gab heute bekannt, dass Saab Automobile an das Konsortium um Spyker Automobile Holland verkauft wurde.

LINK zu Bloomberg.com: http://www.bloomberg.com/apps/news?pid=20601087&sid=aFn8NdGVhOuk&pos=4

Damit steht der Fortführung der schwedischen Traditionsmarke nichts mehr im Wege.

Gemeinsam mit über 20.000 Saab-Rescuern freuen wir uns auf die neuen Saab-Modelle und viele Tausende Turbo-Kilometer.

Wir danken allen, die Saab in den vergangenen Monaten die Treue hielten und alles dafür taten, dass Saab weiter existiert: den tausenden Saab Rescuern, Steven Wade mit saabsunited.com und den Saab Convoys auf der ganzen Welt.

SAAB RESCUED. MISSION COMPLETE.

As recently reported on Bloomberg.com, today will be the happiest day in the life of all the Saab drivers and enthusiasts.

Today (Tuesday) General Motors Co. agreed to sell its Saab unit to Spyker Cars NV

LINK to Bloomberg.com: http://www.bloomberg.com/apps/news?pid=20601087&sid=aFn8NdGVhOuk&pos=4

The future of the traditional swedish car brand is secured, Saab will take off again.

Together with about 20,000 Saab Rescuers we are looking forward to the new Saab models and many thousands of turbocharged kilometers.

We thank all the Saab community who remained loyal to Saab during the last year. It was amazing to see how many people stand behind Saab. Thanks to the thounsands of Saab Rescuers, thank you Swade from saabsunited.com, thanks to all the Saab Convoys around the world.

Press conference at 7:30 pm in Sweden

Based on "The Swedish Wire" (http://www.swedishwire.com/business/2554-spyker-the-new-owner-of-saab) there will be a press conference at 7:30 pm this evening in Sweden. They state too: "US automaker General Motors has agreed to sell its Saab brand to Spyker, US television channel CNBC said Tuesday"

Reuters reports "Spyker close to announce deal"

"A person familiar with the negotiations" told "Spyker is close to concluding a deal for Saab". We expect news within the next few hours.