Saab, Hawtai Deal Terminated

Saab, Hawtai Deal Terminated
Share this Article
Saab parent, Spyker Cars, said that Hawtai was unable to obtain all the necessary consents, as a result; the arrangement has been terminated with immediate affect, though there still is the possibility the two companies might continue discussions, albeit on a non-exclusive basis. Continue Reading...

Saab Revived By $222 Million Investment From China’s Hawtai Motor Group

Saab Revived By $222 Million Investment From China’s Hawtai Motor Group
Share this Article
Saab has been rescued from near-collapse yet again after an agreement was signed with China’s Hawtai Motor Group. The agreement will form a joint venture for manufacturing, distribution and technology between Saab owner Spyker and Hawtai. It will also provide $222 million in funding for Saab, ending the Swedish automaker’s halt in production caused by… Continue Reading...

Spyker Says Saab Won’t Meet 2011 Production Targets

Spyker Says Saab Won’t Meet 2011 Production Targets
Share this Article
In a further effort to help restart production, Saab also said that it was raising funds from shareholders, “pursuing various initiatives to improve the group’s liquidity” in the words of the company, but declined to elaborate any further. Continue Reading...

Russian Financier Vladimir Antonov Clear by Swedish Government to Fund Spyker

Russian Financier Vladimir Antonov Clear by Swedish Government to Fund Spyker
Share this Article
Vladimir Antonov, Russian banker, investor, billionaire, and perennial runner-up for Most Interesting Man In The World Award, has been cleared by the Swedish National Debt Office to become a shareholder in Spyker, and ultimately Saab. Despite possible connections with organized crime that any Russian billionaire is expected to hold in the first place, Antonov has… Continue Reading...

Saab Deal With Volvo Apparently A No Go

Saab Deal With Volvo Apparently A No Go
Share this Article
However, Volvo has now gone on the record, stating that no such talks have taken place. In the meantime, Saab CEO Victor Mueller, is continuing to look for other sources to tap into for capital, including Chinese automakers. Continue Reading...

Spyker C8 Laviolette Special Edition Announced for China

Spyker C8 Laviolette Special Edition Announced for China
Share this Article
In hoping to continue capturing a huge emerging market, Spyker has announced a special edition C8 Laviolette that will be available in China. Not many details have been revealed about the C8 Laviolette Special Edition, but it will be offered in a unique orange finish for around $735,000. This is all in line with Spyker’s… Continue Reading...

Saab CEO Retires, Victor Muller Named As Interim Replacement

Saab CEO Retires, Victor Muller Named As Interim Replacement
Share this Article
Saab CEO Jan Ake Jonsson will retire from Saab on May 19th, with the 59 year old executive leaving Saab during a tumultuous time. Saab Chairman Victor Muller will act as interim CEO as a search for a replacement gets underway. Jonsson, who was reportedly planning to retire regardless of the situation, will assist with… Continue Reading...

Spyker Sold to British Coachbuilder for $44 Million; Russian Mafia Ties Pop Up Again

Spyker Sold to British Coachbuilder for $44 Million; Russian Mafia Ties Pop Up Again
Share this Article
Spyker Cars, a Dutch sports car company no one would know of were it not for its purchase of Saab from GM, has just announced its own sale. Sort of. The current company known as Saab Spyker Automobiles will retain Saab, but sell off the niche-market Spyker brand for $44 million to CPP Global Holdings… Continue Reading...

Spyker Aileron Spyder Forgoes Audi V8 in Favor of Corvette ZR1 Power

Spyker Aileron Spyder Forgoes Audi V8 in Favor of Corvette ZR1 Power
Share this Article
While concentrating on its newly acquired Saab brand, Dutch sports car maker Spyker is still in the business of building its own unique machines. Debuting over a year ago, the Aileron Spyder follows after the coupe model, but its about to get one major change. Powering the hard-top is a version of Audi’s 4.2-liter V8,… Continue Reading...

Limited Edition Spyker Timepieces Collection Out Just in Time For the Holidays

Limited Edition Spyker Timepieces Collection Out Just in Time For the Holidays
Share this Article
We know you don’t want to think about it, but the holiday season is going to be here before you know it, so it’s time to start putting together a list for Santa. And may we suggest adding the Limited Edition Spyker Timepieces Collection – but only if you’ve been really good this year. This… Continue Reading...

Saab, BMW to Announce Partnership on Wednesday

Saab, BMW to Announce Partnership on Wednesday
Share this Article
After numerous rumors, reports and plenty of speculation, Saab is set to sign a deal with BMW that will see the Swedish automaker get access to BMW technology and parts for future models. It is believed the first such model will include the a Saab small car based on the current MINI Cooper platform. News… Continue Reading...

Saab 9-3 To Get Facelift At Paris Auto Show

Saab 9-3 To Get Facelift At Paris Auto Show
Share this Article
With the Saab 9-5 getting all of the attention over the Saab, the Swedish car maker is looking to freshen up its entry-level 9-3 with some new styling. Fuel economy is said to be 12 percent better in the diesel version (which we won’t get, of course). The car remains mechanically uncharged otherwise, with a… Continue Reading...

Saab 9-4X Crossover To Debut At 2010 Los Angeles Auto Show, 11 Months After It Went Into Production

Saab 9-4X Crossover To Debut At 2010 Los Angeles Auto Show, 11 Months After It Went Into Production
Share this Article
The official Twitter feed of the Los Angeles Auto Show has confirmed that the Saab 9-4X crossover will bow at the West Coast’s major auto show this November, hot on the heels of the brand’s flagship 9-5 sedan. The 9-4X will share underpinnings with the Cadillac SRX and be built at a GM facility in… Continue Reading...

Spyker Completes Saab Purchase from General Motors Ahead of Schedule

Spyker Completes Saab Purchase from General Motors Ahead of Schedule
Share this Article
In what is no doubt a bid to prove the viability of the Saab brand and the stability of its new ownership, Spyker Cars has announced the completion of its purchase of Saab from GM ahead of schedule. The final $24 million payment is due in two weeks time, but Spyker chose to complete the… Continue Reading...

Spyker Aiming for 700 Percent Increase in Sales by 2013

1
Spyker Aiming for 700 Percent Increase in Sales by 2013
Share this Article
Dutch sports car maker Spyker Cars expects to become a more significant player in the exotic automobile market in the near future, with claims that sales will increase seven-fold over the next two years. In an interview with Business Week, Spyker sales manager Peter van Rooy commented that in 2012 the Dutch automaker expects to… Continue Reading...

Spyker Models Will be Sold in Saab Dealerships says CEO

Spyker Models Will be Sold in Saab Dealerships says CEO
Share this Article
Saab/Spyker CEO Victor Muller has confirmed that select Saab dealerships will sell exotic models from the Dutch sports car maker. In an interview with Bloomberg, Muller commented that Spyker will look to expand its dealership network (made mostly of exotic car dealerships like Bentley) from 35 to 60 this year. The plan is to then… Continue Reading...

Saab Returning To Canada In 2011, Liberal Arts Professors Rejoice Across The Country

2
Saab Returning To Canada In 2011, Liberal Arts Professors Rejoice Across The Country
Share this Article
After unceremoniously pulling out of the Canadian market, Saab is preparing a return to Canada for 2011, as it attempts to pull off an unprecedented resurrection of its entire brand. While Saab was under the auspicies of GM (and partnered with other perrenial losers like Saturn and Isuzu) in Canada, this time the now Dutch-owned auto maker… Continue Reading...

Bugatti Veyron, Ferrari F40 Among Exotic Cars To Be Auctioned After Ponzi Scheme Bust

1
Bugatti Veyron, Ferrari F40 Among Exotic Cars To Be Auctioned After Ponzi Scheme Bust
Share this Article
Scott Rothstein was once a prominent South Florida lawyer, famous for his humble roots, flashy lifestyle and philanthropy. But after a suicide attempt and a failed escape to Morocco, Rothsetin turned himself in after federal agents exposed his 1.2 billion dollar Ponzi scheme. Now, the United States government has seized his assets and is auctioning… Continue Reading...

OnStar Partners with Saab after Break-Up with GM

OnStar Partners with Saab after Break-Up with GM
Share this Article
Brad and Jennifer. Ben and J.Lo. OnStar and General Motors. It’s always sad when a power couple breaks up and goes their separate ways. But it looks like OnStar is going to keep custody of a mutual friend. It turns out that Saab, which GM sold to Dutch sports carmaker Spyker Cars NV in February,… Continue Reading...

GM Completes Saab Sale to Spyker

1
GM Completes Saab Sale to Spyker
Share this Article
General Motors has just announced that the sale of its Swedish Saab unit to Dutch exotic car maker Spyker has been completed. The new company, called Saab Spyker Automobiles, will now begin a new era for Saab, saving thousands of jobs in Sweden and at dealerships in the United States. Saab Spyker will begin to… Continue Reading...

Report: Feds Forced Out Russian Backer in Spyker’s Saab Bid Due to Mafia Ties

1
Report: Feds Forced Out Russian Backer in Spyker’s Saab Bid Due to Mafia Ties
Share this Article
The sale of Saab to Spyker was delayed due to suspicions that one of the Dutch exotic car maker’s major shareholders had ties to the Russian mafia. According to a recent report by Swedish newspaper Dagens Industri, the Swedish security force Sapo investigated former Spyker shareholder Alexander Antonov and determined that there was “strong suspicion”… Continue Reading...

Report: New Saab 9-3 Coming in 2012

Report: New Saab 9-3 Coming in 2012
Share this Article
With Saab having just been saved by Dutch automaker Spyker, the new Saab Spyker Automobiles company has confirmed that it will deliver a new 9-3 model to market in 2012. The current 9-3 has been in production since 2002, meaning that by the time the third-generation of Saab’s volume seller arrives, the current model will… Continue Reading...

Breaking: GM Agrees to Sell Saab to Spyker

1
Breaking: GM Agrees to Sell Saab to Spyker
Share this Article
General Motors has just announced it has reached an agreement to sell its loss-making Saab division to Dutch exotic car maker Spyker Cars NV. Saab and Spyker will form a new company, Saab Spyker Automobiles and the deal is expected to be finalized in February pending approval by several regulatory bodies and the Swedish government…. Continue Reading...

Breaking: Saab Sale to Spyker Imminent

2
Breaking: Saab Sale to Spyker Imminent
Share this Article
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… Continue Reading...