GM agrees to sell Saab to Spyker
Thursday 28 January 2010
Saab has apparently been rescued – in the nick of time. General Motors had already started to wind down the activities of its Swedish subsidiary, a process that will now be halted. Saab is to be bought by the Dutch sports-car manufacturer Spyker for US$74 million.
The agreement follows several unsuccessful attempts to sell Saab, including a previous planned transaction with Spyker. Spyker will have to work quickly to improve the position at Saab, which sold fewer than 40,000 cars in 2009, a steep fall from the 95,000 sold in 2008. Production was even lower last year, at 21,000 units, less even than MG Rover was making immediately before it went down in 2005. On the other hand Saab has a completely new model to sell for the first time in seven years, in the form of the new 9-5 model which was unveiled at last year's Frankfurt Motor Show.
Simon Calder looks at communities fighting back against the poachers
Life & Style blogs
- 1 Gurdwaras-turned-food banks: Sikh temples are catering for rise in Britain’s hungry
- 2 Council bans use of word ‘Commie’ – but ‘fascist’ and ‘Nazi’ are fine
- 3 The man who made Femen: New film outs Victor Svyatski as the mastermind behind the protest group and its breast-baring stunts
- 4 The poorest pay the price for austerity: Workers face biggest fall in living standards since Victorian era
- 5 Mass murder in the Middle East is funded by our friends the Saudis
£40000 - £50000 per annum + Bonus and Benefits: Harrington Starr: Technical Ap...
Negotiable: Harrington Starr: GUI Developer (GUI,C#,.NET,VB6)City of LondonCom...
£30000 - £45000 per annum + Bonus+Benefits+Package: Harrington Starr: VB.NET a...
£40000 - £50000 per annum + Bonus+Benefits+Package: Harrington Starr: Quality ...