Saab History Hears From Victor Muller Of Spyker Cars

Posted on 18. Dec, 2009 by Ryan in 2000-2009

Saab History hears from Victor Muller of Spyker Cars about the decision today.

I am so disappointed i have no words to describe it.we gave everything we had,it was not enough.

Victor Muller

Here is his quote above, a press release from his company, below.

12.18.2009

SPYKER AND GENERAL MOTORS END DISCUSSIONS ABOUT SAAB
ZEEWOLDE, The Netherlands (18 December, 2009) – Spyker and General Motors (“GM”) decided today that the intended sale of Saab Automobile AB will not be concluded. During the due diligence, certain issues arose that both parties believe cannot be resolved prior to the expiry of the deadline set by GM (i.e. 31 December 2009). As a result, GM will start an orderly wind-down of Saab operations.

Victor Muller: “We sincerely regret that we are not able to complete this transaction with GM. We worked 24/7 for three weeks, but the complexity of the transaction in combination with the strict deadline simply did not allow us to complete the transaction timely. Our thoughts are with the wonderful management and employees of Saab in these challenging times”.

-Ends-
About Spyker Cars
Originally founded in 1875 as a coach builder, Spyker produced its first motorcar in 1898. From the
company’s earliest days Spyker Cars became known for their performance and exclusivity, many of
them establishing speed records in their day. The company later diversified its production and built
fighter aircraft and aircraft engines. The original Spyker company ceased trading in 1925, but its
brand name and reputation for technologically advanced, exotic and dependable cars has been passed
on to the new Spyker company and its cars

Built on five brand pillars – heritage, design, craftsmanship, performance and exclusivity – the current
Spyker Cars company was established in 2000 as a manufacturer of hand-crafted, premium sports
cars. The racing and aviation heritage of the early cars has been carried over to contemporary
Spykers, which also benefit from experience gained by participating in racing events such as the 24
Hours of Le Mans. The company’s slogan, introduced in 1914, “Nulla tenaci invia est via: For the
tenacious no road is impassable” continues to be used on its distinctive propeller and wheel logo.
Spyker Cars is listed on the NYSE Euronext Amsterdam.
Additional information can be found on Spyker Cars’ website: www.spykercars.com

Tags: Amsterdam, coach, coach builder, General Motors, NYSE Euronext, Saab Automobile AB, SAAB ZEEWOLDE, Spyker, Victor Muller, wonderful management