GM: Saab sale to Spyker is completed!

2010 Saab 9-5

It seems that the “wind down” of Saab will have to be postponed.  GM announced on Tuesday that the sale of Saab to Spyker automotive has been completed, and going forward, Spyker will be responsible for all of Saab’s operations.  This is good news to the Saab faithful and employees around the world.  Although the automaker is a niche player, it will help fund Spyker’s other projects, namely its supercars.  No news about who financed the deal, although it was rumored that the Swedish government had its hands in the deal, promising money to Spyker to give it operating capital to continue running Saab.

by John Suit

Source: GM

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