Report: GM set to announce Saab sale to Spyker this week

According to a number of reports coming out early this morning, General Motors could sign a deal to sell its Saab brand to Spyker Cars later today or sometime early this week. Bloomberg is reporting that Spyker has offered GM cash and preferred shares in a new Saab that would be worth $500 million. The report said that GM was satisfied with the offer.

Enthusiasts web site SaabsUnited says that a Spyker supercar has been delivered to Saab’s museum in Trollhattan, Sweden, in preparation for GM and Spyker’s announcement.

We’ll find out soon enough. Stay tuned.

– By: Omar Rana

Source: Automotive News (Subscription Required)