BREAKING NEWS

BREAKING NEWS

Dutch firm Spyker snaps up Saab

Now Reading:

Dutch firm Spyker snaps up Saab

Text size Aa Aa

Dutch sportscar maker Spyker has clinched a last-minute deal to buy Sweden’s Saab.

It is an audacious bid to turn around a money-losing automobile brand that only days ago was headed for oblivion.

Saab owner General Motors announced the deal, without disclosing financial details. But it is thought Spyker will buy Saab for more than 280 million euros, 52 million of which is in cash with the rest in deferred shares.l