Today is a very special day in regards to the history of Saab Automobile AB. GM is in agreement to sell the car brand to Spyker Cars NV. The amount Saab was sold to Spyker Cars has not been disclosed in the press release.
"Today’s announcement is great news for Saab employees, dealers and suppliers, great news for millions of Saab customers and fans worldwide, and great news for GM,” said John Smith, GM vice president for corporate planning and alliances.
“General Motors, Spyker Cars, and the Swedish government worked very hard and creatively for a deal that would secure a sustainable future for this unique and iconic brand, and we're all happy for the positive outcome,” Smith said.
According to GM , " Spyker intends to form a new company, Saab Spyker Automobiles, which will carry the Saab brand forward."
In order for the deal to go through the Swedish government will have review 'the transaction and the related request for guarantees of a Saab Automobile loan that has been requested from the European Investment Bank."
There is now hope for the car pictured above (the new Saab 9-5) to hit roads in the near future.
Saab fans rejoice....