Tag Archives: Stockholm

Victor Muller Returns To Sweden To Close Deal By Tuesday

Posted on 21. Feb, 2010 by .

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photo

Photo Credit: Scanpix

Victor Muller of Spyker Cars has recently returned to Stockholm, Sweden on Thursday and plans on completing the Saab sale from GM by Tuesday the 23rd according to Sweden’s Dagen’s Nyheter.

Saab History also followed up on this report and confirmed it with Mr. Muller, but again it’s a date that they he is working towards, so here’s hoping that the closing takes place on that date.

Here’s a summary from DN below.

He arrived in Stockholm on Thursday and expects the transaction to be completed by early next week.

– I guess on Tuesday, “he says.

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EIB APPROVES LOAN TO SAAB AUTOMOBILE AB

Posted on 12. Feb, 2010 by .

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This official press release just in from from Spyker Cars with regards to the EIB loan Approval.

EIB APPROVES LOAN TO SAAB AUTOMOBILE AB

ZEEWOLDE, The Netherlands (12 February, 2010) – The EIB has today approved a loan to Saab Automobile for €400 million. A statement on the EIB’s website reads:

The EIB has confirmed the authorisation to conclude the EUR 400 million loan to SAAB Automobile AB in accordance with the terms and conditions approved by the Board of Directors on 21 October 2009 and to conclude the guarantee agreement with the Swedish National Debt Office, as the loan is subject to a state guarantee which the Swedish Government approved on 26 January 2010. The EU Commission approved the Swedish state-guarantee for the Bank’s loan to SAAB on 8 February 2010.

Victor Muller, Spyker CEO said: “We are extremely pleased with the decision by the EIB as this was a crucial component in enabling the acquisition of Saab to proceed. Months of hard work have paid off. We cannot wait to close this transaction now as soon as practically possible. We extend our gratitude to the EIB officials who have worked relentlessly to make this happen.”

Jan Åke Jonsson, Saab CEO, said: “This represents another milestone along the path towards the creation of an independent Saab. This is very good news and everyone at Saab should feel very positive now.”

In a separate development, Spyker shareholders at an Extraordinary General Meeting in Zeewolde today approved the intended transaction to acquire Saab. The proposal was carried with an overwhelming majority.

Victor Muller said: “Today’s meeting went very smoothly and we spent a lot of time explaining the transaction in great detail. We also announced that we are currently investigating the possibilities of listing Spyker at the London Stock Exchange by means of a dual listing and possibly in the future in Stockholm, in which case the listing in Amsterdam would eventually be terminated. However, I stress that this is still in the investigation phase and no such decision has been made yet.

“We postponed the decision to change the name of Spyker Cars N.V. to Saab Spyker Automobiles because we need to reach agreement with Swedish aircraft manufacturer Saab AB on the possible use of the Saab trademark in our corporate name. We expect this issue to be resolved at Spyker’s Annual General Meeting, scheduled for April 22 2010.”

-Ends-

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Jan Åke Jonsson & Victor Muller Interviewed Following Press Conference

Posted on 27. Jan, 2010 by .

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Here is a video that features Jan Åke Jonsson as well as Victor Muller who were interviewed by Saab Automobile, following the press conference in Stockholm today.

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The Saab Spyker Press Conference In Stockholm

Posted on 26. Jan, 2010 by .

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Here’s the video by Sweden’s TV4 of the Saab-Spyker Press Conference today in Stockholm announcing the deal made between Spyker & GM.

I am looking forward to a final copy from Saab, with better audio quality.

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Spyker Cars CEO, Victor Muller Now In Stockholm

Posted on 22. Jan, 2010 by .

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Saab History has just received direct confirmation from Spyker Cars CEO, Victor Muller, that he is now in Stockholm, as recently reported in Bloomberg.

This is a necessary next step in the ongoing sale process with Saab Automobile & GM. We should expect news shortly following what took place here on Friday, in the next few days.

Jan. 22 (Bloomberg) — General Motors Co. and Spyker Cars NV officials met in Stockholm today to review a potential sale of GM’s Saab unit as the parties near an agreement, according to two people familiar with the matter.

GM considers Spyker’s $500 million offer of cash and preferred shares in the new Saab to be adequate, while the companies negotiate terms including those related to production plans, said the people, who asked not to be identified because the talks are private

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The “Save Saab” Gathering In Stockholm, Sweden

Posted on 17. Jan, 2010 by .

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Photo Credit: ?

A “Save Saab” gathering took place outside of Stockholm, Sweden at the largest IKEA in the world, at Kungen’s Kirva.

Excellent job!

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Today Marks The Final Day For Parties To Submit Bids

Posted on 07. Jan, 2010 by .

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Today marks the final day for the interested parties to submit their bids. Here’s hoping there some positive result with the bids.

There are two new anonymous Swedish bidders that have apparently entered the pool of candidates recently and want to get their proposals into Deutche Bank today, who have been handling the process for GM, according to Reuters.

It is my understanding that without any secured EIB statement from the Swedish Government to any party, the bids will once again be rejected. Here’s hoping I am wrong on this matter, but all comes down to that.

Here’s a piece below by Reuters discussing today’s deadline for the bids.

STOCKHOLM/AMSTERDAM, Jan 7 (Reuters) – Bidders in Sweden and the Netherlands made last-ditch efforts on Thursday to buy General Motors [GM.UL]-owned Saab, as the deadline for its sale loomed threatening the Swedish car brand with closure.

Two anonymous Swedish groups are likely to enter last-minute bids proposing management buy-outs of Saab, a Swedish business daily reported, quoting a Swedish official.

Dagens Industri quoted Joran Hagglund, Sweden’s state secretary for industry, as saying the bids are likely to meet today’s deadline, though neither group had been able to show it had the financial backing necessary for a purchase.

“We have had contacts with several different groups since the 18th of December, among them three from Sweden,” Hagglund told the paper. “I should think that at least two of them will submit bids to General Motors during Thursday.”

“The problem is that none of them can show that they have financing in place,” he said, adding that Koenigsegg, which retracted its bid late last year, was not one of the groups.
[…]

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Saab History Suggests A Saab Enthusiast Convoy To Detroit

Posted on 30. Dec, 2009 by .

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Photo Credit: Saab History

With the Saab clubs in Europe taking the initiative to set up a convoy to Saab Automobile’s headquarters in Sweden, a week after the January 7th deadline, I think us here in the United States and Canada can do something even more effective.

I think it would make much more sense for us Saab owners and enthusiasts in the United States and Canada, to organize a nice convoy to Detroit. This convoy should take place next week, arriving within hours of the GM board meeting. this is the meeting where they will ultimately decide the fate of Saab Automobile’s future.

If we get enough Saab owners and enthusiasts parked outside of the GM Renaissance center in Detroit, perhaps we could really show them how serious we are in wanting Saab Automobile to have a bright future and be sold.

I think this would be the ideal location and timely, given that it would be on the day of the GM board meeting. Let’s get moving on this. Anyone know the time and date of the GM Board meeting next week? Let’s fill this parking lot and show a strong gathering of support for Saab! I think it would be a win-win for everyone involved. The press would of course love it too!

Assuming the weather is cooperative, all you need to do is drive there, park, hang out for a few hours, talk with the press, get some group photographs and show your Saab pride!

It’s up to those attending on the ground, to make the best determination as to exactly where on that day.

The press are already covering this event and it has not even started yet!

Automobile Magazine – Saab Convoy to Detroit to Save the Brand

Autoblog – Saab enthusiasts planning rally at GM HQ?

Jalopnik – Got A Saab? Head To Detroit To Help Save The Brand

USA Today – Saab Owners Organizing Convoy To GM Board Meeting

Motor Trend – Saab Enthusiasts Plan March On Detroit

The Swedish Wire – Saab Enthusiasts Gather In Detroit To Protest

Trollhattan, Sweden’s TTELA – Demonstration för Saab i Detroit

Bil Sport IN Sweden – Demonstration för Saab i Detroit

Goteborg Posten – Saab-entusiaster demonstrerar mot GM

Swedish Radio -Enda sättet är att sälja SAAB with Saab History Interview

Gay Wheels – Saab Enthusiasts Not Giving Up

Stockholm News – Manifestation for Saab planned in Detroit

AOL Autos wants to sponsor our signs! I think we get “SAVE SAAB” on them, what do you think?

Update 1.2.2009 1:50pm EST:

Who: Saab owners and enthusiasts coordinate here and e-mail each other.

What: Saab Enthusiast Convoy To Gather Near GM Rennaissance Center.

When: Meet On Tuesday, January 5th at noon. / Saab Car Gathering is at 1pm nearby.

Where: At the food court at the GM Renn Center. Click this link for more details and directions on the location.

The location where the vehicles will gather at 1pm here :

“There is a public lot at the corner of Atwater and St. Antoine right on the river that is only $3 per day. (Won’t find any cheaper parking near the Ren Cen.) It always has lots of extra capacity so maybe that’s a good choice. People can enter the Ren Cen from that side through the Winter Garden entrance on Atwater and the food court is on that same level.”

Click on the photo to see it larger!

rennmap

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