GM/Spyker finally sign on the dotted line

SAAB sale to Spyker goes through

SAAB's got a new boss

The takeover deal between Spyker and SAAB has officially gone through. Spyker Cars N.V. will be the overarching parent company with SAAB and Spyker forming separate and independent arms. The finalisation of the deal means that SAAB and importantly for SAAB it’s Swedish workforce are safe, for now.

Transfer of ownership has now taken place in black and white and SAAB itself has exited liquidation, which means management are back in control and not their creditors. The transfer of SAAB Automobile from General Motors to the Amsterdam listed Spyker took place on the 23rd of February.

SAAB’s new boss, Spyker CEO Victor Muller had this to say: “We are delighted – Saab’s future is now secure.” He continued: “From today we will be concentrating all of our efforts into reviving Saab and transforming it into a sustainable and profitable company with the confidence to be bold. We will reinforce the emotional experience between Saab drivers and their cars and we will focus on Saab’s historical strengths in the fields of independent thinking, aircraft heritage, ecological performance and motorsport.”

Spyker C12 Zagato

Now all of that sounds good but it’s not as if Spyker are a global super power in the motoring industry so will they actually be able to turn SAAB around. The oft delayed 9-5 platform will now be launched later in the year though which should be an important cog in any SAAB turnaround.

This entry was posted on Friday, February 26th, 2010 at 10:46 am. It is filed under Drive News and tagged with 9-5, General Motors, GM, Saab, Spyker. You can follow any responses to this entry through the RSS 2.0 feed.