Spyker CEO Victor Muller has told Automotive News that Saab is considering technology sharing agreements with other manufacturers.
Spyker CEO Victor Muller has told Automotive News that Saab is considering technology sharing agreements with other manufacturers.
In our last flashback to the “noughties”, we had a look at China and how they’ve been moving up in the automotive industry. Now, we’ll be increasing the scale and having a look at the whole world, and how it was affected by the financial crisis.
Yes, this is it. The Saab saga is definetly over, there’s no chance of Spyker pulling out like Koenigsegg did. General Motors has completed the transfer of ownership to Spyker, and Saab is officially saved. Congratulations Saab!
Spyker has released more details on their Saab deal with GM, as well as their business plan for Saab.
We posted yesterday about Spyker finally getting their hands on Saab, but not many details were available at the time. Now though, we can bring you some of the details on the deal.
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.
Yes indeed, the Saab saga isn’t over yet. General Motors is still deciding whether or not to sell Saab, although reports seem to think that a decision is near, and now GM is suggesting that they’re hopeful by beginning production of the upcoming 9-4X (Pictured in the spy shot above). Also, Ed Whitacre has become the CEO of General Motors.
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 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.
Spyker is having another stab at purchasing Saab, making General Motors yet another offer.
(By the way, this is our first article to use a “Read More” button. It should make a huge improvement in the long run. It makes the home page less cluttered. There’s a summary on the home page, and then you click the button for the full article. Thanks to our friends at FTS Sports Writing for helping us out with that.)