Home LifeStyle  Luxury Cars GM Sells Saab to Spyker Cars

GM Sells Saab to Spyker Cars

Posted: Feb. 11th, 2010  |  By James Rothaar Freelance Writer |
RSS Syndicated News Email a Friend Suggest an Article Share
Luxury Car News:General Motors announced that an agreement has been reached to sell Saab Automobile AB to Spyker Cars NV. The automaker will live on under a new corporation, Saab Spyker Automobiles. John Smith, GM VP for corporate planning and alliances, said that it was great news for GM, Saab and its network of dealers and suppliers, employees, and fans worldwide.

The Swedish government is reviewing the transaction in its entirety to ensure orderliness. If all proceeds smoothly, the transaction is expected to close in mid-February. Additional information will be announced in “due time.”

“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,” said Mr. Smith, GM’s man with the seven word job title (excluding “GM”).

No word yet on whether the soon-to-be formed Saab Spyker Automobiles will brand cars as “Saab,” “Saab Spyker,” or some derivative thereof.

Backlit: Svenska Aeroplan AB made aircraft first 10 years. Saab 92 was first car in production (1949). GM tried to sell Saab to Koenigsegg, the Swedish super-car maker, in June 2009; fell through in fall.
Related Topics : Lifestyle News
Share on Facebook Share
See Next Article
Related Articles
Featured Contributor
Andrew ChristianAndrew Christian
It appears that Mercedes-Benz is currently studying a new model, a high-performance four-door that...
Read More | View Profile
The Best of Luxury
Event Calendar

the holiday gift guide 2013

DISCOVER THE LIST >
1

Sony DSC-QX100 Smartphone Attachable Lens

Sony basically packed all the usual camera inner workings within the lens... more >

2

Flask Bangle by Cynthia Rowley

For the life of the party this Cynthia Rowley flask bangle holds three ounces... more >

3

Carbon Fiber Ciclotte

Designed and crafted in Italy, Ciclotte's luxury exercise bike models... more >

Day

Keeping Up with JustLuxe
Like Us on FacebookFollow Us on TwitterRSS Feeds
Sign Up for Our Newsletter!
Current News & Features
Napa’s Atlas Social Chef On Food Trends and Who Would Play Him in a Movie (Plus a Recipe!)
Photographer Adrien Broom Tackles the Snow White Mythology in New Photo Series
Miami Beach's Designer-Curated L’Atelier Residences Soar to $33M & Include a Hammock Garden
Rolls-Royce Put a Japanese Tea Garden in $1M Bespoke Phantom
Harman Kardon Partners With HTC for Pint-Sized H/K One Wireless Speaker
Crazy Crashes Drivers Have Walked (and Swam) Away From at the Monaco Grand Prix
The Don Stott Collection: A 50 Year Love Affair With Burgundy Wines
Started From The Bottom...Now We’re Here (At Sotheby’s in NYC)
Celebrating 10 Talented Women in Wine: Melissa Burr From Stoller Family Estate
Rolls-Royce Debuts $362K "Inspired by Fashion" Wraith, Models Not Included
See the complete list

Best of Luxury

Finding the best in luxury can be a daunting task, which is why we've taken it on for you.
View All Best of Luxury
LivingLuxe. Exclusive Deals and Luxury Brands. Learn More
JustLuxe Galleries presents Popular Photo Galleries
Meet Our Writers Become a Contributor
Zagato and Maserati Ready to Preview Stunning Mostro at Concorso d'Eleganza Villa d'Este
Mila Pantovich »
The 2015 Alfa Romeo 4C Spider is All Bespoke Options, Carbon Fiber and Wind in Your Hair
JustLuxe Team »
Don't Die Before Checking Out These 5 Epic European Supercar Rental Experiences
David Robertson »
See More Contributors
THINGS WE LIKE