SAAB · ·

Spyker Cars finalized the purchase of Saab


Spyker Cars rescinded the agreement on the purchase of Saab Automobile and conveyed the property , which is out of the Saab liquidation and administration took over management control

Spyker Cars NV today confirmed that they have finalized an agreement with General Motors Company about buying Saab Automobile AB . The transfer of ownership was done at 16.30 ( CET ) on 23 February .

Pursuant to the agreement, Saab is out of the liquidation process and a full management control returned to Jan Åke Jonsson , Saab Automobile ‘s CEO , and his management. Furthermore Saab Automobile and Spyker Cars will operationally work together as sister companies , all under the umbrella company , joint stock company listed in the Euronext Amsterdam Stock Exchange Spyker Cars NV ( Ticker symbol: SPYKR ) . This transaction ensures the future of Saab Automobile and marks the beginning of a new era for the brand icon.

Victor Muller , CEO of Spyker Cars NV said: ” We are enthusiastic  – Saab ‘s future is now secure. ” He continued: “From now on we will focus all our efforts into reviving Saab and transforming the company into self-sufficient and profitable company in which the May you trust. Revive the emotional experience between Saab ‘s drivers and their vehicles, and to focus on Saab ‘s historical policy in the field of independent thinking , airline heritage , ecological performance and heritage in motor sports.

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” Through this acquisition we add approximately 15 euros per share in value and 60 euros of assets . With a well -developed business plan look forward to working with Saab ‘s management on the implementation of that plan and bringing exciting new products and our customers . Genuine Saab, Saab Saab . ”

Jan Åke Jonsson , CEO of Saab Automobile AB said : ” Today’s announcement is great news for all Saab ‘s customers , dealers , suppliers and employees worldwide. Fidelity , commitment and support shown to Saab in the past few months , is simply stunning and is a good base and liabilities for the future. It is our intention to return to the execution of the business plan , starting with the introduction of the new 9-5 . And with the continued support of all employees and business partners with full confidence I’m sure of success . “

” This transaction represents the success of many months of hard work , arduous negotiations , all to ensure a secure future for the unique brand and we are very pleased with the positive outcome, ” said John Smith , GM vice president for koorporativno planning and alliances . “This is a great day for all of Saab ‘s employees, dealers and suppliers , and most of the millions of Saab customers and fans worldwide. “

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