Spyker and General Motors announced today that they have finalized the deal for Spyker to purchase the Saab brand.
“Going forward, Saab and Spyker will operate under the Spyker umbrella, and Spyker will assume responsibility for Saab operations,” GM said in a statement. “The previously announced wind down of Saab operations has ended.”
“Today’s announcement is great for Saab’s customers, dealers, suppliers and employees around the globe, the level of passion and support shown to Saab over recent months has been remarkable and this does bode well for the future,” said Jan Ã…ke Jonsson, CEO of Saab Automobile AB. “Now we aim to get back to the execution of our business plan, starting with the introduction of the new 9-5 later this year, and with the continued support of our employees and business partners I am confident we will succeed.”
“We are delighted – Saab’s future is now secure, said Victor Muller, CEO of Spyker Cars NV. “From today we will be concentrating all of our efforts into reviving Saab and transforming it into a sustainable and profitable company with the confidence to be bold. We will reinforce the emotional experience between Saab drivers and their cars and we will focus on Saab’s historical strengths in the fields of independent thinking, aircraft heritage, ecological performance and motorsport.”
– By: Stephen Calogera