Spyker Cars Finalizes The Purchase of Saab

Posted on 23. Feb, 2010 by in 2010-2019

spykercars


* Spyker Cars finalizes deal over the purchase of Saab Automobile
* Transfer of ownership has taken place
* Transaction signals the start of an exciting new era for Saab
* Saab and Spyker to operate under parent company Spyker Cars N.V.

Trollhättan. Spyker Cars N.V. today confirmed it has finalized the deal with General Motors Company to purchase Saab Automobile AB. The transfer of ownership took place at TIME on February 23. 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. (Ticker symbol:SPYKR). 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: “We are delighted – Saab´s future is now secure.” He continued: “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.

“Through this acquisition we add approximately 15 euros per share in equity and 60 euros of assets. With a well funded business plan in place we are looking forward to working with Saab´s management on the realization of that plan and bringing exciting new products to our customers. Real Saabs, Saab Saabs”

Jan Åke Jonsson, CEO of Saab Automobile AB said: “Today´s announcement is great for Saab´s customers, dealers, suppliers and employees around the globe, the level of passion and support shown to Saab over recent months has been remarkable and this does bode well for the future. Now we aim to get back to the execution of our business plan, starting with the introduction of the new 9-5 later this year, and with the continued support of our employees and business partners I am confident we will succeed.”

“This transaction represents the successful outcome of months of hard work and intense negotiations, all aimed at securing a sustainable future for this unique brand, and we are pleased with the positive outcome,” saidJohn Smith , GM vice president for corporate planning and alliances. “This is a great day for Saab employees, dealers and suppliers, and a great day for millions of Saab customers and fans worldwide.”

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12 Responses to “Spyker Cars Finalizes The Purchase of Saab”

  1. Steve

    23. Feb, 2010

    Ryan,

    Thank you for posting this. This is such happy news for all of us and Saab. It’s fantastic news!

    Steve

    Reply to this comment
  2. max

    23. Feb, 2010

    Ryan you have done a great job in help save Saab!!! Thank You!

    Reply to this comment
  3. Jeff

    23. Feb, 2010

    Great news Ryan! This is all very exciting, and I can’t wait until you get to interview Mr. Muller himself, hopefully you have some great questions to ask him. Maybe you should poll people here on what they want to hear from him? So excited that he is involving so many of the customers and enthusiasts– check out saabsunited.com if you haven’t already done so– Steven Wade is on the ground in Sweden reporting first hand! Amazing what you guys have been able to pull off in reporting this sale, without the internet and good bloggers, I’m afraid there would be no Saab left.

    Reply to this comment
  4. max

    23. Feb, 2010

    Great job Ryan!! With your devoted help Saab will continue!

    Reply to this comment
  5. dino

    23. Feb, 2010

    It’s never over/done til the fat lady sings. Now she’s singing – and it’s good.

    Reply to this comment
  6. Suzen

    23. Feb, 2010

    Ryan,
    Thank you for your hard work. Here’s to a great future for our beloved brand!

    Reply to this comment
  7. DavidMorgan

    23. Feb, 2010

    Ryan,

    I am proud to share this great day with you.
    You who, with two others, have made the Saab community rise up and told GM to sell Saab; have shown us the road to take and enabled us to Save Saab.
    Today Saab is free of its GM chains and with Mr. Victor Muller, the Trollhattan direction and the factory workers it will produce fine motor cars. But we, the Saab community, must buy them. We must tell our father in law, our colleague at work and our neighbour that Saab is excellence. It is one thing to be free of GM but now cars must be manufactured and sold. New cars from Trollhattan must be sold.
    Cheers from near Paris.
    David

    Saab .. Proud to own .. Happy to Drive

    Reply to this comment
  8. Dave

    24. Feb, 2010

    Thanks Victor Muller , Jan Ake Jonsson , Ryan and all involved in the process of saving SAAB Automobiles a great brand . I for one see it in the eyes of each customer everyday , I’ll continue each day with the care thats needed to keep the next 33 years as good as the last 33 I’ve serviced the brand and the son’s of and the son’s of ….. continuing to buy what I see as the best damn automobile out there . My geninue thanks =) happy happy joy joy . Also thanks to the founders and keepers so meany etched in my memory , fine humans all .

    Reply to this comment
  9. glitchiegoomie

    24. Feb, 2010

    Greetings,

    Ryan,

    First and foremost, I must pay homage to you and the most excellent website that you have created. I know first hand the tolls that you pay: financial, spiritual, emotional, physical, insurance, maintenance, tax, tags, fuel, repairs, depreciation, etc., etc., etc.

    Fight the good fight and you will always win.

    A very wise person once told me: “Take the high road.” If you’ve ever been to Denver, you know that they were once (are? – I haven’t been there since 1992 – (input appreciated)) allowed to sell 85 octane gasoline there. ??????????

    Victor Muller,

    Major kudos to you.

    This world will be saved, and it’s people like you who will do it.

    I am at your service, and will do whatever is within my power to aid your noble quest.

    dino,

    She’s singing loud and clear tonight.

    DavidMorgan,

    The chains have been broken and the shackles removed.

    All Citizens Of Planet Earth,

    This event hearkens the cry of a world gone mad.

    Monumental works are the result of singular acts.

    May the intent, purpose, will, wisdom, intelligence and enthusiasm of Mr. Muller fill the hearts, minds and souls of all the good readers of this website, and spread like a plague throughout all of human society.

    “Shall anything be impossible with the Lord?” *

    glitchiegoomie, Triforce Hunter

    * Genesis XVIII, 14 : “The Septuagint With Apocrypha: Greek And English” translated by Sir Lancelot C.L. Brenton (1851, Samuel Bagster & Sons, Ltd., London)

    Reply to this comment
  10. Anonymous

    24. Feb, 2010

    Its wonderful news, but we need to see leadership changes to change the culture of Saab…Saab needs to get the GM odor off them…

    Reply to this comment
  11. Ted Y

    24. Feb, 2010

    Thank you Ryan for your tireless support. It must feel good to know that saabhistory was in the thick of the fight during the most critical time of Saab’s history. I hope you are rewarded in some way for your work. I’m glad to have met you in Detroit.

    Reply to this comment
  12. Ryan

    24. Feb, 2010

    Thank you everyone for your kind words. I am very excited to see the new company move forward.

    R

    Reply to this comment

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