Wednesday, January 27, 2010

Saved by the Spyker

It appears that the SAAB brand has been given a reprieve. According to CNN Money, the Dutch car builder Spyker will be dishing out a lot of money and preferred stock to take over the sinking SAAB name. This is being backed up by a guarantee from the Swedish government for an European Investment Bank loan to SAAB.

It will be interesting to see what the dawning Spyker chapter in SAAB's history will unveil.

The Saab Aero-X

The Spyker C8 Spyder

Read the CNN Money article