Now that GM has agreed to sell Saab to Spyker Cars, what is the next car to come out from the Swedish brand? According to John Smith, GM vice president of global planning and alliances, the new 9-5 flagship sedan will begin volume production in April with U.S. sales to begin in the second quarter.
Smith said that the 9-4X crossover based on GM’s Theta Premium platform will be produced soon; however, he wouldn’t confirm when Saab plans on beginning production. It was reported yesterday that the 9-4X has already entered production with 147 units already built.
Spyker will pay GM a total of $74 million for Saab and will give the Detroit automaker $326 million worth of preferred shares in the merged company. Spyker also has a third financing package with a $550 million loan from the European Investment Bank.
2010 Saab 9-5:
– By: Omar Rana