But thanks to a merger with American aircraft company Volta Volare in August, Spyker appears to be on the mend and they have something to announce.
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