For those who have lost track of the Saab saga, back in 2010, the struggling was sold by General Motors to supercar and race car builder Spyker.
Youngman Lotus has agreed to pay $12.5 million US dollars (10 million Euros) to Spyker in exchange for a 29.9% ownership in the company.
Spyker announced on August 6th that they were suing General Motors for $3 billion, insisting that the American auto giant made corporate moves to force the Saab brand into bankruptcy.
Spyker Cars, the low volume and high performance branch of Swedish Automobiles has been sold to US firm North Street Capital.
When the EIB granted the massive loan to Saab and Swedish Automobiles (formerly Spyker), one of the stipulations was that young Russian billionaire Vladimir Antonov not be granted any ownership of
This newest loan to Saab comes from Gemini Investment Fund, a Bahamas-based hedge fund, and with this latest infusion of 229 million Swedish Krona ($35.4 million USD or 25 million Euros), Saab hope
Saab has spent much of this year dealing with a serious cash flow issue that has not allowed them to pay their suppliers and things have gotten so bad that the company cannot get enough components
Saab’s Trollhattan production facility has been shut down for most of April and May due to non-payment issues with a long list of vendors; some of which were revealed last week in a filing with a S