european investment bank
Saab’s EU Loan Paid off by Swedish Government
Now, the Debt Office has reported that the outstanding balance on the loan (equivalent to some $325 million) has been paid, making the Swedish government the former automaker’s largest creditor.
Saab Sells 582 Cars to Chinese Buyer to Cover Payroll, Bankruptcy Still Looms
According to an official release by Saab Automobiles, Russian businessman Vladimir Antonov is still very much interested in pour money into the ailing automaker, but was awaiting clearance from the Swedish National Debt Office.
Saab, Hawtai Deal Terminated
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.
Report: GM Signs Over Saab to Koenigsegg
General Motors has signed an agreement to sell off its Swedish Saab unit to the Koenigsegg Group. Led by supercar maker Koenigsegg, the group includes several additional investors. The deal will see the Koenigsegg Group take a 100 percent stake in Saab. In a statement Koenigsegg Group CEO Christian von Koenigsegg said that the group…
GM Announces Official Yet Tentative Deal to Sell Saab to Koenigsegg
General Motors has officially announced it has reached a tentative deal to sell its Swedish Saab brand to a group of companies lead by Swedish supercar-maker Koenigsegg. The deal will see the Koenigsegg group receive $600 million in funding from the European Investment Bank, which has been guaranteed by the Swedish government. GM will provide…
China to Buy 13,000 Jaguar and Land Rover Vehicles
After purchasing Jaguar and Land Rover from Ford, and then dumping hundreds of millions of dollars into the two British brands, Indian carmaker Tata is just beginning to see the light – thanks to the Chinese government. According to a report in the Business Standard, the Chinese government has just signed a deal with Tata…
