New owner signs deal to secure Saab's future

February 24, 2010 | By | In News

The paperwork's signed, the deal's done. Now Saab's owners look to a new era. The future of troubled of car make Saab is now secure – according to its new owner. Netherlands-based supercar maker Spyker has just clinched its deal to buy the company from its former owner, General Motors.

Spyker CEO Victor Muller said: ‘we will be concentrating all of our efforts into reviving Saab and transforming it into a sustainable and profitable company. With a well funded business plan in place we are looking forward to working with Saab’s management… and bringing exciting new products to our customers. Real Saabs. Saab Saabs.

General Motors put the loss-making Swedish car make up for sale last year. After a number of would-be buyers fell by the wayside and with the deadline for sale fast approaching, GM began winding up the company – but Spyker has now stepped in.

The move means that Saab’s 90-odd UK dealers will remain in business and look forward to selling the replacement 9-5 model, which is due to begin production soon and to reach showrooms here later this year.

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