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
Victor & Mary Alsobrook Victor & Mary Alsobrook
See yourself commanding a vehicle of precision and grace, one with relentless style, never failing...
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
Revisiting the Golden Era of Train Travel Aboard Rovos Rail
Pismo Beach's Idyllic Romantic Getaway or Family Vacation; Dolphin Bay Resort & Spa
JW Marriott Marco Island Beach Resort Welcomes you to Paradise
Food and Wine Weekends with the CIA at Copia in Napa
Millionaires Concierge Gives Access to Most Inaccessible VIP Events & Experiences Worldwide
Martin Chitwood: Home Renovation At Its Finest
Paris' Finest Seafood Arrives In Hong Kong
Drive Like an A-Lister in the New Mercedes-Benz S-Class
Sustainable Hawaii Regional Cuisine at Merriman's Restaurant on Maui
Vermont History Lives at the Wilburton Inn
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
Drive Like an A-Lister in the New Mercedes-Benz S-Class
Jared Paul Stern »
Exploring the Smoky Mountains with Buick Enclave Avenir
Shea Peters »
Experience Race Day in the Cadillac V-Performance Hospitality Suite
Mila Pantovich »
See More Contributors
THINGS WE LIKE