The confusing story concerning the Swedish car maker Saab and its future has finally ended today as GM has sold the brand to Spyker Cars. The brand was supposed to be killed by General Motors but as many bidders went and past, one finally triumphed.
Tag Archives: Genii Capital
Genii withdraws from Saab bidding, Spyker suspends share trading
Genii Capital has pulled out of the running for Saab, just a couple of weeks after placing their original bid. This leaves Spyker as the only remaining bidder.
Saab mess-up continues
The Saab saga continues as reports suggest that Genii and Spyker have united their bids in order to save the Swedish brand from GM. The whole story is far from over and it is said to keep on going until February.
Another bidder on Saab appears, Saab board votes to shutdown brand
Another party besides Spyker has placed a bid on Saab. This is Genii Capital, the same private-equity group which purchased Renault’s Formula 1 team.
Renault set to stay in F1, sells stake
After a period of rumours that Renault could quit Formula 1, the French manufacturer has announced that it is set to remain committed to their F1 racing programme.