Finally to the relief of GM, its lame horse, SAAB, has been sold to Dutch luxury carmaker, Spyker. In a deal signed with GM, Spyker has agreed to pay $74m in cash and GM would also get $326m worth of preferred shares in Saab. On the other hand, as...
Finally to the relief of GM, its lame horse, SAAB, has been sold to Dutch luxury carmaker, Spyker. In a deal signed with GM, Spyker has agreed to pay $74m in cash and GM would also get $326m worth of preferred shares in Saab. On the other hand, as the deal has been inked, the Swedish govt. has also agreed to guarantee a $563m loan Saab had requested from the European Investment Bank. And this loan guarantee is seen as vital oxygen for the sales.
Via: CNN
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