Spyker Cars

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GM Strikes $400M Deal to Sell Saab

Dutch luxury car maker Spyker snaps up dying brand

(Newser) - GM has reached a deal to sell its otherwise doomed Saab brand to Dutch luxury car maker Spyker Cars NV for $74 million in cash and $326 million in preferred stock. The deal is dependent on Sweden agreeing to guarantee a $563 million European Investment Bank loan to the Swedish... More »

GM to Close Down Saab

After another failed sale, GM will begin 'orderly wind-down,' it says

(Newser) - GM has failed in a last-chance bid to sell its Saab unit and will now settle the Swedish automaker’s debts and “wind down production and the distribution channel in an orderly manner.” A deal with Dutch sports-car maker Spyker just fell through, a month after the sale... More »

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