Tag Archives: Nick Reilly

GM Reaches Agreement to Sell Saab to Spyker

Posted on 26. Jan, 2010 by .



It has been over a year since GM decided to strategically review Saab Automobile, but just over 20 years since they’ve been owned by GM .

Today, Spyker Cars, N.V. acquires Saab Automobile from GM, marking a new era for the company.


GM Reaches Agreement to Sell Saab to Spyker


DETROIT – General Motors and Spyker Cars NV today confirmed that they have reached a binding agreement on the purchase of Saab Automobile AB.

“Today’s announcement is great news for Saab employees, dealers and suppliers, great news for millions of Saab customers and fans worldwide, and great news for GM,” said John Smith, GM vice president for corporate planning and alliances.

“General Motors, Spyker Cars, and the Swedish government worked very hard and creatively for a deal that would secure a sustainable future for this unique and iconic brand, and we’re all happy for the positive outcome,” Smith said.

As part of the agreement, Spyker intends to form a new company, Saab Spyker Automobiles, which will carry the Saab brand forward. The sale will be subject to customary closing conditions, including receipt of applicable regulatory, governmental and court approvals. Other terms and conditions specific to the sale will be disclosed in due time.

The Swedish government is at present reviewing the transaction and the related request for guarantees of a Saab Automobile loan that has been requested from the European Investment Bank. Assuming quick action, the transaction is expected to close in mid-February, and previously announced wind down activities at Saab will be immediately suspended, pending the close of the transaction.

“Throughout the negotiations, GM has always had the hope to find a solution for Saab that would avoid a wind down of the brand,” added Nick Reilly, president, GM Europe. “We’ve worked with many parties over the past year, including governments and investors, and I’m very pleased that we could come to such a good conclusion, one that preserves jobs in Sweden and elsewhere. GM will continue to support Saab and Spyker on their way forward.”


About General Motors: General Motors, one of the world’s largest automakers, traces its roots back to 1908. With its global headquarters in Detroit, GM employs 204,000 people in every major region of the world and does business in some 140 countries. GM and its strategic partners produce cars and trucks in 34 countries, and sell and service these vehicles through the following brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, Opel, Vauxhall and Wuling. GM’s largest national market is the United States, followed by China, Brazil, Germany, the United Kingdom, Canada, and Italy. GM’s OnStar subsidiary is the industry leader in vehicle safety, security and information services. General Motors acquired operations from General Motors Corporation on July 10, 2009, and references to prior periods in this and other press materials refer to operations of the old General Motors Corporation. More information on the new General Motors can be found at www.gm.com.

Saab background: Saab entered the auto business in 1949 with the first model 92. Its aerodynamic shape and advanced technology drew from the company’s roots as an aircraft maker, and helped create what was to become a loyal and passionate customer base. GM acquired a 50 percent stake in Saab in 1990, and acquired the balance of Saab in 2000. As part of its strategy to focus on its four strongest brands in the U.S., GM began seeking a buyer for Saab in January 2009, a concerted effort that led to today’s announcement.


Tom Wilkinson
Tel: 313-667-0366
Mobile: 313-378-6233

Eric Geers
Saab Communications
Tel: +46 520 85110
Mobile: +46 703 205490

John McDonald
General Motors Company
Phone: 313-667-3714
Mobile: 313-418-2139


MEDIA ADVISORY: Saab Conference Call Scheduled 2:00PM EST


John Smith, vice president, global planning and alliances, will host a conference call for media at 2:00 p.m. EST (8:00 p.m. CET) to provide additional perspective on Saab.

· (800) 398-9367 (U.S.)
· +1 (612) 332-0226 (international/caller-paid)
· No access code is required
· Please provide your name and affiliation and ask for the GM conference call

An audio file of this call will be available shortly after the end of the call at http://media.gm.com.

Technical/broadcast questions:
Steve Griffes
313-220-7982 (mobile)

Tom Wilkinson
Tel: 313-667-0366
Mobile: 313-378-6233

Continue Reading

Saab History Partners With Tretorn To Save Saab

Posted on 25. Jan, 2010 by .



If you are a Saab owner, enthusiast or supporter of the “SAVE SAAB” campaign. Whether you participated in a gathering somewhere around the globe or simply want to show that you were a supporter of the campaign and Saab spirit wherever you live, I encourage you to buy one of these limited production “Save Saab” t-shirts provided by the Swedish company, Tretorn.

Please Note: Right now, the t-shirt is only able to be sold in the United States. I’ve worked with Tretorn to ensure international availability, but their system is unable to provide this. If you are in another country other than the U.S., I would advise getting the t-shirts shipped to a colleague in the states, then pay them through paypal, the shipping cost to you.

Press Release


“Save Saab” T-Shirt Available at The Tretorn Shop, NYC and www.tretorn.com

BOSTON, Mass. (January 14, 2010)

Tretorn®, the modern outdoor brand with deep Swedish roots, is going to bat for the survival of much-loved Swedish car manufacturer, Saab, with the launch of its “Save Saab” campaign. Tretorn is showcasing its support and enabling consumers to show theirs with a special “Save Saab” T-shirt available starting January 15th. A final decision to sell or dissolve the carmaker could come later this month or in early February, according to GM Europe President Nick Reilly.

“Tretorn and Saab share a strong bond, with our Swedish heritage and loyal following,” said Antonio Bertone, chief marketing officer for Tretorn. “We want to show our support and invite fellow Saab fans to join us. We hope that if enough people stand up for a brand they believe in, it might encourage the powers that be to save Saab.” Regardless of the outcome, purchasing this t-shirt, signifies your commitment and dedication to supporting Saab.

Tretorn has teamed up with Saab devotee Ryan Emge of saabhistory.com and is donating a portion of the sales from the T-shirts to Ryan’s continuing efforts to keep Saab alive. Tretorn’s “Save Saab” campaign will also be the focus of its Facebook page(www.facebook.com/tretorn) and Twitter profile (@tretornsavesaab) to keep consumers informed and up to date.

The Tretorn “Save Saab” T-shirt is available at the Tretorn Shop, NYC and on www.tretorn.com in sizes S-XL, while supplies last, for $24. The Tretorn Shop in SoHo is located at 150 Spring Street, between W. Broadway and Wooster.

Media Contact:Megan Mulcahy, CGPR, 781-639-4924 xt 112, megan@cgprpublicrelations.com


Tretorn is headquartered in Helsingborg, Sweden and founded in 1891. It is one of the leading brands for outdoor products in Scandinavia, as well as the 3rd largest brand in Europe for tennis balls. Tretorn is a wholly owned subsidiary of PUMA AG. For more information please visit www.tretorn.com.

Saab History and the site www.saabhistory.com, are owned and operated independently from Saab Automobile, GM and any other affiliates

Continue Reading

Göteborg, Sweden Newspaper Reports GM’s Reasons

Posted on 20. Dec, 2009 by .


Goteborg, Sweden’s newspaper reports that the news on Friday morning broke at 6:45am when GME’s Nick Reilly called JAJ to tell him that the deal would be scrapped for the following two reasons below.

This is reported, so here’s hoping we get more reports to confirm this shortly.

But a quarter to seven on Friday morning called GM’s European Director Nick Reilly to Jan-Ake Jonsson with news that the deal be scrapped.
The reasons should be two, according to report:

• GM discouraged by Spykers Russian partner. GM’s technology might come to Russia.

• GM’s new management wanted to show decisiveness.

Although sales of Opel should have been stopped for fear that the technology would fall into Russian hands, the New York Times

Continue Reading

Production Concept