Spyker saves Saab

Posted on Jan 28, 2010 by

The 2010 Saab 9-5 looks likely to go into production after all

General Motors has finally reached an agreement with Dutch car maker Spyker for the sale of its beleaguered brand Saab.

After repeated failed attempts GM managed to get the deal through to the relief of Saab employees, dealers, suppliers and customers around the world. The Swedish government is said to have played a crucial role in constructing the deal as it would have a big impact on the nation’s economy.

As part of the agreement, Spyker will form a new company, Saab Spyker Automobiles, which will be responsible for the Saab brand going forward.

This might also entail re-branding of Saab as Saab Spyker or something else to highlight the new brand owner.

The impending sale of Saab is however subject to regulatory, governmental and court approvals. Even when the sale process is complete GM is expected to support the Saab brand in terms of service and parts for some time to ensure a smooth transition.

The new 9-5 is also slated to enter production soon and be launched by mid 2010.

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