Update: Saab is back from the dead!

There has been a lot of speculation lately as to the fate of troubled automaker Saab.  We reported previously that GM was going to wind Saab’s operations down at the end of 2009.  Then talk began of Swedish company Spyker trying to buy Saab.  Spyker previously put a bid in to buy them, but negotiations with GM fell through, leaving GM to announce the end of its Swedish subsidiary.  Although details in the press release are slim, apparently Spyker will create a new company called Saab Spyker Automobiles, which will build Saab automobiles.  The entire deal is still hinging on government and court approvals, on both sides of the Atlantic, but shows great promise, which is great news for Saab fans and employees.

by John Suit

Source: General Motors

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