Tag Archives: Saab Spyker

Saab History Is Excited That Saab Spyker Deal Is Closer

Posted on 19. Feb, 2010 by .

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Saab History has learned today that the Saab Spyker deal is significantly closer to being finalized.

As an observation of this process, I must say that the progress that we’ve seen since late last year on this deal with Spyker Cars and the leadership by all of those involved, has been quite impressive. It will be even more exciting to see Spyker as the owner once the deal closes, because then, the skies the limit when it comes to realizing the full benefits of the new “entrepreneurial focused” ownership structure.

It’s very interesting to me personally, being entrepreneurial minded ever since I can remember. Having recently attended another monthly entrepreneurial meeting last night where small businesses meet up to discuss opportunities, I was very happy to hear the audiences enthusiastic response to my acknowledgment about small business successes when it comes to mergers and acquisitions. The statement I made was, that “it appears that in the marketplace, opposed to common belief, small businesses buying larger businesses actually have better chances in succeeding, than vice-versa”. It was good to hear the audiences response given it’s relevance to that night’s topic on mergers and acquisitions, but also the fact that was true. In the city Portland, Maine, where I live, small businesses rule the landscape and it’s a nice environment to learn about small business success.

As a follow up, I fully intend on returning next month to support this claim where my case in point will be of course, Spyker, a smaller company than Saab, showing that it has more advantages in successfully running a larger company because if its abilities to focus, communicate and be flexible, in order to realize opportunities, areas that big business cannot manage. I know there are more, but we won’t see those fruits until the deal is closed.

I have said it before and I will say it again, I have great respect for the tenacity shown by Victor Muller, Jan Åke Jonsson, and Mike Colleran here in the United States, leading the charge.

I am looking forward to seeing the closing of the Saab Spyker sale soon. May this new “entrepreneurial focused” company soon to be known as Saab Spyker, be victorious.

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SCANIA AB Reports That Saab Spyker Name Change Okay

Posted on 16. Feb, 2010 by .

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The SCANIA GROUP AB reports that the Saab Spyker name change is okay. As far as the Griffin emblem is concerned, it looks like SCANIA will have a say in the use of that.

scania

Dear Ryan

The company name, i.e. Saab, is not an issue for Scania.

When it regards the use of the Griffin symbol, there is an agreement between the parties concerned (Saab, Saab Automobile and Scania) which stipulates how and what etc. Until the acquisition not is finalised, I don’t want to speculate on your second question but just to say that Scania will have a say in the future use of the Griffin symbol.

Best regards

Hans-Ake

SCANIA GROUP AB

P.S. As an old Saab friend, I hope that the brand that got me interested in cars and motor sports really will survive and be well maintained in the future. I was brought up at the times when Erik Carlsson, Stig Blomkvist and Per Eklund were kings of the Rally sport. My first car memories are from my father’s green Saab 92 (which by the later were replaced by Ford Anglia and Volvo PV and Amazon).

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SAAB AB Reports That Saab Spyker Name Change Okay

Posted on 16. Feb, 2010 by .

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SAAB AB indicates that they are okay with the Saab Spyker name change according to a report in Dutch paper.

Saabab

“We have absolutely nothing against Spyker Cars’ takeover of car brand Saab, which we see even very positive” said press officer Ulrika Fager. “There is no risk of confusion, because the car has a different mission from the defense company Saab.”

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Update: Saab Spyker Deal To Close Within A Week

Posted on 15. Feb, 2010 by .

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UPDATE:

Saab History has just learned that opposed to the deal originally set to close today, Victor Muller of Spyker Cars indicates to us that the Saab Spyker deal will now close with GM in a week.

I’m going to respect the closing process at this time and I think we all should, no matter how hard it is to hear that it will be extended a bit.

After the extremely positive news last week meeting all of the major milestones, now it’s just the small details that are to be finalized.

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The Saab Spyker Deal Is Expected To Close With GM Today

Posted on 15. Feb, 2010 by .

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Today, the long awaited Saab Spyker deal is expected to close with GM as originally scheduled.

Radio West have recently indicated that the deal is expected to be done by the end of the day. Whether that is the end of the business day for Sweden, or the United States is uncertain. If history tells us anything then perhaps it will be before noon EST in the United States as Sweden will be wrapping up the end of their business day.

In the meantime, here’s the article below:

Today Spykers purchase of Saab Automobile’s will be clear. All of pieces of the puzzle are now in place so it’s all about GM and Spyker closing the deal.

Spykers initial payment: 350 million Swedish kronor.

The plan indicates that Spyker will complete negotiating with GM on the sale of Saab Automobile by the end of the day.

Some of the last pieces of the puzzle fell into place in the course last Friday when Spykers extraordinary congress voted for the purchase, the Swedish National Debt Office said yes to the loan guarantees and the European Investment Bank gave the green light to the loan.

If everything goes according to plan, Spyker’s first installment will be 50 million U.S. dollars to GM, equivalent to just over 350 million Swedish kronor.

Spykers CEO Victor Muller provided clarity recently about his funding a week ago with his business acquaintance, Pieter Heerema, the offshore company set up with a loan.

The rest of the money to purchase 24 million U.S. dollars is to be paid under the agreement July 15.

But most of the money that GM will want to remain in the Saab Spyker as the reference shares and paid in due course.

And an agreement between Spyker and GM must be done as soon as possible.

As long as the situation is presently, Saab can not go further and conclude agreements with its suppliers, making it impossible to get started with production.

So once a purchase agreement is completed, the Saab staff will finally begin to see a glimpse of the future where it will start building cars again, perhaps as before.

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Innovatum Signals Strong Future With Saab & Spyker

Posted on 12. Feb, 2010 by .

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Innovatum releases a statement about Saab Automobile’s strong future with their new owner, Spyker Cars.

It is Innovatum that has recently partnered with Saab Automobile, Boston Power & Electro Engine that will be producing the 100 electric Saabs in the near future.

Saab + Spyker + Innovatum = True

It is an exciting time with lots of potential ahead of Saab and its new owner. The business plan will be implemented and car production be switched to the new, smart approach to find its unique niche. A niche in the automotive sector, which is in the middle of a huge paradigm shift where manufacturers will be eliminated. But not Saab! With world class engineering recognized and a new tuned activity stands on its own, nimble legs, Saab Spyker is ready to accept the challenge. For Innovatum technology parks, it is obviously going to be with Saab and Spyker on that trip.

Jan-Ake Jonsson, who is also on the board of the Foundation Innovatum, underlines the importance of Innovatum now continuing to pursue development projects which support Saab in the short and long term.

– Energy efficiency in both materials that combustion technologies are key areas for future cars. Saab has now a unique opportunity with its small and smart organization to take a permanent place among the manufacturers of the so-called European premium segment. Cooperation with, among others Innovatum can play an important role in Saab’s efforts to create a unique position in this competitive segment, “
said Jan-Ake Jonsson.

Tore Helmersson, CEO of Innovatum Teknikpark underlines Jan-Ake Jonsson’s statement:

“We have long built up strong expertise in the management and collection development and innovation. Therefore, and we want to be an important partner for Saab and its new owner. We have expertise in production technology and is helping to drive the conversion to the attractive energy and environmental technology in several areas – not least in the electrification of vehicles. So our role will continue to be close to Saab.

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10 More Days Until Saab Spyker Deal Closes

Posted on 05. Feb, 2010 by .

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There are 10 more days until the Saab Spyker deal closes, and if you have noticed this week, I’ve been intentionally keeping the pace slower reflecting the sensitivity of the deal.

We’ve all been through quite a year following the ongoing Saab saga and if you’re like me, you’ve had it with negative news (which the Swedish Press are up to again), and just want the deal to close. I’m also willing to guess that you also want positive news both leading up to and immediately following the deal to be inspiring, confident, honest and clear about the future of Saab.

These have been unprecedented times for Saab and I think it’s a good time to only focus on the positive. As I said before, between now and the time that the deal closes, I’m holding back from providing frequent content as there will be a good time for that soon. However, I will be providing more material between now and then, but it will be very selective and limited.

Moving forward, there will be good things to come for Saab that are just around the corner and likewise here at Saab History as I have been working around the clock to prepare some new and exciting features that I am sure you will enjoy.

Stay tuned and please be patient until this deal closes.

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Saab 9-3x Now Available To Order In The United States!

Posted on 03. Feb, 2010 by .

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9-3xavailabe

Saab History has recently been informed by multiple Saab dealerships in the United States tonight that they now have the ability to order the Saab 9-3x!

This is great news for the dealers, and for consumers. While the details are there and one I spoke to tonight, is ordering a few tonight, one in white, another in Nocturne blue, he said that the pricing is not yet available.

The dealers did indicate that if a customer wants to order one, they can take their order at this time. However if an an order is placed prior to closing of the Saab Spyker deal ( February 15th), that order will be submitted at the time of closing.

“I really want this car in Nocturne Blue, Navigation with a manual transmission and XWD with the 5-spoke double 17×7 wheels , as this would be a welcomed change from the ’97 9000 with a quarter of a million miles on it”

As demand is expected to grow significantly following this news for 9-3x availability, Saab dealers encourage you to visit your local dealer to do the best thing you can do and get in line and place an order today!

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