Yep, it's a done deal, Saab will be sold to the tiny Spyker company provided no objections rise up from any government agencies.
"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.
xprojected says:
11:42 AM, 01/26/10
Oh, you think it's done, do you? GM "reached an agreement" with Koenigsegg too. When Saab actually changes hands, then you can say it's done.
jederino says:
11:43 AM, 01/26/10
Great news! I'm glad the intellectual capital and design investment, such as it was, will not be lost. Hooray for order, over disorder.
sabastian says:
12:15 PM, 01/26/10
Fantastic news. My first car was a 1994 900, so I have a bit of a soft spot for Saab. I always knew they were too cool to die.
throwback says:
12:53 PM, 01/26/10
xprojected, the difference is this is a binding agreement. The K-segg deal was not binding because they had not secured the financing. Assuming the Swedish Government and Obama don't veto this deal, it's done. Now comes the really hard part, building a viable company.