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The loan is contingent upon Spyker receiving a €400 million loan from the European Investment Bank to finance its purchase and takeover of Saab. A $25 million payment has already been made to GM as of January 26, 2010. By July 15, Saab will have to make a... Full Article at Wolrd Car Fans
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What's the fastest you've ever driven? On this subject, there's always a good story involved - some combination of an empty road, a fast car, and possibly nudity and/or police involvement. Full Article at Automobile Magazine
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Spyker Chief Executive Victor Muller (L) talks with Saab Automobile Chief Executive Jan-Ake Jonsson in between a Saab car and a Spyker car outside the Saab factory in Trollhattan January 27, 2010. Dutch luxury sportscar maker Spyker may have been the unlikely... View Photo »
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The positive decision of the European Commission to approve the Swedish state guarantee is another major step towards closing of the Saab acquisition. We are grateful to the Commission of their willingness to work so hard on this decision within the limited time available.
SOURCE: Wolrd Car Fans -
A DRIVER had her windscreen damaged by youths throwing bricks in Kidderminster. The woman was driving a Saab convertible along Worcester Road at about 3.50pm on Friday, when a brick was thrown from the railway bridge, smashing her windscreen and causing about... Full Article at The Kidderminster Shuttle
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ZEEWOLDE, THE NETHERLANDS – February 9, 2010: Spyker Cars N.V. announces today that Spyker has entered into a USD 25 million convertible loan agreement with an investment company owned by Heerema Holding Company Inc. Full Article at TheAutoChannel.com
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Spyker has secured the funding to complete the initial stage of its takeover of Saab from General Motors, the company has confirmed. The Dutch sports car firm has received a $25 million (£16m) loan from Heerema Holding, a family business dealing in offshore... Full Article at Autocar
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Victor Muller, left, Chairman of Spyker Cars and Saab Automobile CEO Jan-Ake Jonsson, right, stand between a Saab and a Spyker car outside the Saab factory in Trollhattan, Sweden, Wednesday Jan. 27, 2010. View Photo »
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The USD 25 million loan has a 2 year term, an interest of Euribor + 10% and is convertible into shares at EUR 4 each ... This loan secures the funding necessary to close the Saab transaction as the first $25 million has already been paid to GM on January 26, 2010. The convertible loan is conditional on ...
SOURCE: egmCarTech -
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A CRASH involving four vehicles which caused serious injuries brought rush-hour traffic to a standstill at Parley Cross traffic lights on Monday, February 8. Full Article at This is Dorset
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Report: Saab dealers stumping up $24M in unsolicited funds to make Spyker deal a reality
AutoblogGreen
Production of vehicles is underway, a plan is in place to launch critical new models and the European Union has approved of a European Investment Bank loan of 400 million-euros ($546 million) to Spyker. It would seem that the road to a successful acquisition... Full Article at AutoblogGreen
About Saab
Wikipedia
Saab AB is an aerospace and defense company based in Sweden. Full Article
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Reuters Pictures
Spyker Chief Executive Victor Muller (L) talks with Saab Automobile Chief Executive Jan-Ake Jonsson in between a Saab car and a Spyker car outside the Saab factory in Trollhattan January 27, 2010. Dutch luxury sportscar maker Spyker may have been the unlikely winner of the Saab auction, but...
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AP Photo
Victor Muller, left, Chairman of Spyker Cars and Saab Automobile CEO Jan-Ake Jonsson, right, stand between a Saab and a Spyker car outside the Saab factory in Trollhattan, Sweden, Wednesday Jan. 27, 2010.
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Reuters Pictures
Saab CEO Jan-Aake Jonsson talks to reporters at a news conference as he and Spyker Chief Executive Victor Muller (not in picture) announce that Spyker would buy Saab from General Motors in a deal worth $400 million in Stockholm January 26, 2010.
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Reuters Pictures
Spyker Chief Executive Victor Muller (L) shakes hands with Saab CEO Jan-Aake Jonsson after they announced that Spyker would buy Saab from General Motors in a deal worth $400 million in Stockholm January 26, 2010.
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Reuters Pictures
Spyker Chief Executive Victor Muller (L) points to Saab CEO Jan-Aake Jonsson after they announced that Spyker would buy Saab from General Motors in a deal worth $400 million in Stockholm January 26, 2010.
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AP Photo
Graphic shows Saab U.S. vehicle sales.
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AP Photo
The showroom is seen at Crossway Saab in Montpelier, Vt. , Tuesday, Jan. 26, 2010. Saab got a new life Tuesday as General Motors Co. agreed to sell the Swedish car brand to the small Dutch luxury carmaker Spyker Cars NV. Under the deal, GM will get $74 million in cash plus $326 million worth...
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AP Photo
Saab automobile worker's trade union chairman Paul Akerlund makes jubilant gesture in front of media, standing before the main gate to Saab automobile plant in Trollhattan, Sweden, Tuesday Jan. 26, 2010. U.S. car manufacturer G.M. had just announced that they will sell Saab to Dutch car maker...
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AP Photo
Supporters of Saab sign a banner during a save Saab rally in Schaumburg, Ill. , Sunday, Jan. 24, 2010. Saab owners gather to hope to save the car maker from shutting down.
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AP Photo
A sign displays on a Saab car during save Saab rally in Schaumburg, Ill. , Sunday, Jan. 24, 2010.
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Reuters Pictures
A boy takes a picture of a classic Saab with a sign reading: "Save Saab", as hundreds of Saab drivers gathered to protest the future of Swedish automaker Saab, in Soesterberg January 17, 2010. Several hundred Saab owners drove their cars from Soesterberg to Muiden to protest General Motors'...
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Reuters Pictures
A man waves to his friends after parking his Saab car during a gathering at the Military Airforce Museum in Soesterberg January 17, 2010. Several hundred Saab owners drove their cars from Soesterberg to Muiden to protest General Motors' intention to shut down SAAB.
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Reuters Pictures
A line of Saab cars drive on a highway near Utrecht January 17, 2010. January 17, 2010. Several hundred Saab owners drove their cars from Soesterberg to Muiden to protest General Motors' intention to shut down SAAB.
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Reuters Pictures
A dog guards his owner's Saab car at a parking lot in Muiden, near Amsterdam, January 17, 2010. Several hundred Saab owners drove their cars from Soesterberg to Muiden to protest General Motors' intention to shut down SAAB.
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AP Photo
People are reflected in the window of a Saab 96 as hundreds of Saab drivers and enthusiasts gathered to demonstrate their faith in the Swedish automaker Saab, during a gathering in Muiden, near Amsterdam, Netherlands, Sunday Jan. 17, 2010. Sadly, the fate of the Swedish car maker seems sealed...
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AP Photo
A dog is seen inside a Saab car as hundreds of Saab drivers gathered to demonstrate their faith in the Swedish automaker Saab, during a gathering in Muiden, near Amsterdam, Netherlands, Sunday Jan. 17, 2010. Sadly, the fate of the Swedish car maker seems sealed as GM chief Ed Whitacre, who...
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AP Photo
A man waves from a classic Saab 96 car, bottom, as some hundreds of Saab drivers and enthusiasts gathered to demonstrate their faith in the Swedish automaker Saab, during a gathering in Muiden, near Amsterdam, Netherlands, Sunday Jan. 17, 2010. Sadly, the fate of the Swedish car maker seems...
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AP Photo
A boy is reflected in the window of a Saab 96 with signs taped to its window reading "Save Saab", as some hundreds of Saab drivers gathered to demonstrate their faith in the Swedish automaker Saab, during a gathering in Muiden, near Amsterdam, Netherlands, Sunday Jan. 17, 2010. Sadly, the...
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AP Photo
A boy takes a picture of a Saab 96 with signs taped to its window reading "Save Saab", as hundreds of Saab drivers gathered to protest the future of Swedish automaker Saab, during a gathering in Soesterberg, central Netherlands, Sunday Jan. 17, 2010. Sadly, the fate of the Swedish car maker...
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Reuters Pictures
Saab car owners demonstrate during part of the world-wide Saab Support Convoy campaign, in Sofia January 16, 2010. Bidders in Sweden and the Netherlands were making last-ditch efforts on Thursday to buy local carmaker Saab, hours before a deadline set by owner General Motors to sell or close...
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AP Photo
Victor Muller, on stage right, Chairman of Spyker Cars, and Saab Automobile CEO Jan-Ake Jonsson speak to the employees at the Saab factory in Trollhattan, Sweden, Wednesday Jan. 27, 2010.
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Reuters Pictures
Sweden's Minister of Industry Maud Olofsson (L) confirms that Dutch car maker Spyker will buy Swedish car maker Saab from U.S. car maker General Motors, at a news conference at the government chancellery in Stockholm January 26, 2010. Tiny Dutch sportscar maker Spyker clinched a last-minute...
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AP Photo
Victor Muller, left, Chairman of Spyker Cars shake hands with Saab Automobile CEO Jan-Ake Jonsson, standing in between a Saab and a Spyker car outside Cafe Opera in Stockholm, Sweden, after a press conference about Spyker's acquisition of Saab from G.M. Tuesday Jan. 26, 2010.
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AP Photo
Swedish Minister of Industry, Maud Olofsson confirms that Dutch car maker Spyker will buy Swedish car maker Saab from U.S. car maker General Motors, during a press conference at the government chancellery in Stockholm, Sweden, Tuesday Jan. 26, 2010.
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AP Photo
Jesper Hjertstedt, 4, of Milwaukee, Wisconsin, holds a sign during save Saab rally in Schaumburg, Ill. , Sunday, Jan. 24, 2010. Saab owners gather to hope to save the car maker from shutting down.
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AP Photo
Victor Muller, left, Chairman of Spyker Cars and Saab Automobile CEO Jan-Ake Jonsson, right, stand between a Saab and a Spyker car outside the Saab factory in Trollhattan, Sweden, Wednesday Jan. 27, 2010.
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