Breaking: Saab Sale to Spyker Imminent

Spyker Cars is expected to announced later today that a deal has been reached to purchase Swedish automaker Saab from General Motors. According to Automotive News, a person close to the ongoing talks between GM and Dutch exotic car maker Spyker has leaked the information.

Recently investment company Genii Capital, backed by Formula One boss Bernie Ecclestone backed out of the bidding leaving Spyker as the only interested party.

According to one Swedish TV report, Spyker CEO Victor Muller has said an announcement will be made today and just a few hours ago the Netherlands’ securities agency suspended trading for Spyker shares – a sign that an announcement will be made shortly.

[Source: Automotive News]