ALERT: Spyker reaches deal to buy Saab from GM

HOME   |   LATEST NEWS   |   VEHICLE REVIEWS   |   RACING   |   SUBSCRIBE   |   CLASSIFIEDS Tuesday, January 26, 2010              Saab has started production on the redesigned 9-5 sedan. Spyker reaches deal to buy Saab from GM By Bob Gritzinger | 01/26/10, 12:55 pm et General Motors' Saab division won't end up on the post-bankruptcy scrap heap with Pontiac and Saturn. Just as Saab's death appeared imminent, the Swedish automaker was scooped up on Tuesday by Dutch supercar-maker Spyker Cars in a $74 million deal that has been in works for months. Spyker CEO Victor Muller said as recently as two weeks ago that he expected to finalize the acquisition of Saab in “days, not weeks.” GM, meanwhile, was proceeding with the orderly two month wind-down of the company, a process reconfirmed by GM CEO Ed Whitacre during a press conference on Monday. GM purchased Saab two decades ago and had lost money on the company for years. GM originally agreed to sell Saab to Swedish supercar-maker Koenigsegg, but that deal fell through in November.... CLICK HERE TO UNSUBSCRIBE from the AutoWeek Daily Drive E-mail or to sign up for other AutoWeek e-mail products. IMPORTANT: Please add AutoWeek.com to your E-mail Address Book to ensure you will continue to receive our newsletters. Please DO NOT reply to this e-mail. You will not receive a reply if you use this e-mail address. Crain Communications, 1155 Gratiot Ave. Detroit, MI 48207.