Jump to content
  • Welcome Guest!

    Founded in 2001, CheersandGears.com is one of the oldest continuously running automotive enthusiast communities on the net. 

    Sign up is free and easy, come join the fun!

Sign in to follow this  

Swedish Saab dealers pledge up to $24 million to help Spyker

Recommended Posts

Swedish Saab dealers pledge up to $24 million to help Spyker

02/05/2010, 1:40 PMBY ANDREW GANZ

With the formal deal for Spyker to acquire Saab from General Motors likely just days away, few questions have arisen about the Dutch supercar manufacturer’s ability to pay for the transaction. Still, Saab’s domestic market dealer network says it will provide 180 million Swedish krona ($24 million) to Spkyer to help with financing if it is needed.

“We have no doubt that Spyker can finance itself. But if there is a request we can offer help,” said Lars Ake Sund, chief of the dealer group, in an interview with Sweden’s Dagens Industri.

Spyker has until summer to come up with $180 million to fully acquire Saab from GM. The automaker’s CEO, Victor Muller, has said that financing will not be a problem, however.

“We who live near the business believe there is strong substance in Spyker’s business plan for Saab and the risk is not that great,” Peter Hallberg, president of the GM Dealers Association in Sweden, told the media.



Share this post

Link to post
Share on other sites

Your content will need to be approved by a moderator

You are commenting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

About us

CheersandGears.com - Founded 2001

We ♥ Cars

Get in touch

Follow us

Recent tweets