Saab, Hawtai Deal Terminated

Saab, Hawtai Deal Terminated
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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...

Spyker Says Saab Won’t Meet 2011 Production Targets

Spyker Says Saab Won’t Meet 2011 Production Targets
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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...

Saab Deal With Volvo Apparently A No Go

Saab Deal With Volvo Apparently A No Go
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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...
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