Spyker saves Saab from the scrapheap
Wednesday March 03 2010
THE ICONIC Swedish Saab marque has been saved from the scrapheap, news of its acquisition by Spyker Cars from the heavy hand of General Motors Company welcomed by its employees, dealers, suppliers, customers and fans worldwide.
Going forward Saab Automobile and Spyker Cars will operate as sister companies under the umbrella of the Amsterdam Euronext listed parent company Spyker Cars N.V.
This transaction secures the future of Saab Automobile and signals the start of an exciting new era for the iconic brand.
Victor Muller, CEO of Spyker Cars NV said that Saab's future is now secure.
'From today we will be concentrating all of our efforts into reviving Saab and transforming it into a sustainable and profitable company with the confidence to be bold.
'We will reinforce the emotional experience between Saab drivers and their cars and we will focus on Saab's historical strengths in the fields of independent thinking, aircraft heritage, ecological performance and motorsport.'
GM's vice president for corporate plannining and alliances, John Smith, said the deal represented the successful outcome of months of hard work and intense negotiations, all aimed at securing a sustainable future for this unique brand.
