After being ditched (or was he accosted out the door?) by a probable suitor in supercar maker Koenigsegg, SAAB may finally (again) have a new owner. Internet reports suggest that a deal has been made between General Motors (current owners of the SAAB auto brand), Spyker Motors (the Dutch supercar maker) and SAAB.
Apparently the deal says that Spyker will pay US$74 million (about R561 million) in two cash installments. The money must be paid by this July. GM will keep $326 million worth of redeemable preference shares in the company. The General will also retain a great deal of say in the new entity in the sense that a number of cars designed and developed under GM, such as the new 9-5 and upcoming 9-4X SUV, will continue being supplied by GM.
The sale supposedly does not affect existing warranties in countries such as South Africa and the US.
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