Tuesday, January 26, 2010

Finally Saab has a future called Saab Spyker Automobiles


Following all the recent drama, Saab is finally sold to Spyker Cars N.V., which intends to form a new company, Saab Spyker Automobiles. Although no officials details were revealed, the unofficial scenario is that Spyker will contribute $74 million in cash for the deal and the European Investment Bank will provide $556 million. GM will maintain about $326 million in shares, or 1% of voting rights.

Turning Saab to profit is going to be a very difficult task (GM didn't manage to do that), especially if you consider that is going to  be owned by a company with no experience mass-manufacturing cars.

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