GM to Sell Saab for $74 Million
Dutch automaker Spyker Cars NV agreed to buy General Motors Corp.’s troubled Saab division for $74 million. Saab sold 8,680 cars in the U.S. last year, down 59% from 2008.
Spyker, a maker of exotic sports cars, will also issue $326 million worth of stock to GM, in a deal backed by a $556 million loan guarantee by the European Investment Bank.
Click here to read more about the deal, which is expected to close in mid-February.
Spyker, a maker of exotic sports cars, will also issue $326 million worth of stock to GM, in a deal backed by a $556 million loan guarantee by the European Investment Bank.
Click here to read more about the deal, which is expected to close in mid-February.
Comment
Subscribe to Auto Finance News by clicking here.
Details
About Us
Guide to Posting Images
Videos
Code of Ethics
Advertise
Our Other Sites:
Air Cargo Management Group
AccountsRecovery.net
Bank Innovation
________________________
Subscribe to our sister publication, Auto Finance News. Click here to learn more about the industry's leading newsmagazine or here for VIP access.
You agree that in posting to this site you will abide by the Terms of Service spelled out below.
Events
Job Board
© 2012 Created by JJ Hornblass.
You need to be a member of AutoFinanceNews.net to add comments!
Join AutoFinanceNews.net