GM to sell Saab to Spyker - Democratic Underground

Lars77

(1000+ posts) Send PM | Profile | Ignore

Tue Jan-26-10 04:12 PM
Original message

GM to sell Saab to Spyker

Source: Al Jazeera

The tiny Dutch sports carmaker Spyker has clinched a last-minute deal to buy Sweden's Saab, which just days ago had appeared to be heading for oblivion.

General Motors sold the struggling manufacturer for $74m, subject to Saab being allowed to borrow $564m from the European Investment Bank (EIB), a loan that Sweden announced on Tuesday it would guarantee.

Stockholm said the EIB and European Commission were still reviewing the loan.

Read more: http://english.aljazeera.net/business/2010/01/201012620233841255.html

Printer Friendly | Permalink | | Top

RUMMYisFROSTED

(1000+ posts) Send PM | Profile | Ignore

Tue Jan-26-10 04:16 PM
Response to Original message

1. $74M to $564M

I smell horseshit.

Printer Friendly | Permalink | | Top

madrchsod

(1000+ posts) Send PM | Profile | Ignore

Tue Jan-26-10 04:21 PM
Response to Original message

2. that`s good news for us saab lovers.....!

Printer Friendly | Permalink | | Top

Lars77

(1000+ posts) Send PM | Profile | Ignore

Tue Jan-26-10 04:25 PM
Response to Reply #2

3. Saab's are good cars

And it's important to keep one of the few remaining individualistic car makers. Car makers like Saab and Citroen provide something for people who would like something different and a little more interesting, yet accessible for average people.

Printer Friendly | Permalink | | Top

madrchsod

(1000+ posts) Send PM | Profile | Ignore

Tue Jan-26-10 05:05 PM
Response to Reply #3

4. i`ve owned around 30 1963-1967,

a bunch of 99`s, and a really bad 9000 saab.

Printer Friendly | Permalink | | Top

Peregrine Took

(1000+ posts) Send PM | Profile | Ignore

Tue Jan-26-10 05:23 PM
Response to Reply #2

5. Almost 25 years of Saabs here.

With a new 9-5 sitting in the garage. Whew!

Printer Friendly | Permalink | | Top

DU AdBot (1000+ posts)

Tue Apr 30th 2024, 09:48 PM
Response to Original message

Advertisements [?]

Top

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.