Yeo
Zorce Jedi Master
Joined: 06 Apr 2005
Posts: 1936
Location: Far Rockaway, NY
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 Posted: Tue Jan 26, 2010 2:11 pm Post subject: GM, Spyker reach deal for Saab |
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General Motors Co. said Tuesday that it reached an agreement to sell its Saab brand to Dutch car maker Spyker Cars NV. Spyker reportedly will pay about $74 million cash with the European Investment Bank providing a loan backed by the Swedish government. GM, which did not provide specific financial details, said Spyker will form a new company named Saab Spyker Automobiles. The transaction is expected to close in mid-February, GM said.
http://www.marketwatch.com/story/gm-to-sell-saab-to-spyker-cars-2010-01-26
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