Spyker Sold to British Coachbuilder for $44 Million; Russian Mafia Ties Pop Up Again

Spyker Sold to British Coachbuilder for $44 Million; Russian Mafia Ties Pop Up Again
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Spyker Cars, a Dutch sports car company no one would know of were it not for its purchase of Saab from GM, has just announced its own sale. Sort of. The current company known as Saab Spyker Automobiles will retain Saab, but sell off the niche-market Spyker brand for $44 million to CPP Global Holdings… Continue Reading...

Spyker Completes Saab Purchase from General Motors Ahead of Schedule

Spyker Completes Saab Purchase from General Motors Ahead of Schedule
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In what is no doubt a bid to prove the viability of the Saab brand and the stability of its new ownership, Spyker Cars has announced the completion of its purchase of Saab from GM ahead of schedule. The final $24 million payment is due in two weeks time, but Spyker chose to complete the… Continue Reading...

GM Completes Saab Sale to Spyker

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GM Completes Saab Sale to Spyker
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General Motors has just announced that the sale of its Swedish Saab unit to Dutch exotic car maker Spyker has been completed. The new company, called Saab Spyker Automobiles, will now begin a new era for Saab, saving thousands of jobs in Sweden and at dealerships in the United States. Saab Spyker will begin to… Continue Reading...

Report: Feds Forced Out Russian Backer in Spyker’s Saab Bid Due to Mafia Ties

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Report: Feds Forced Out Russian Backer in Spyker’s Saab Bid Due to Mafia Ties
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The sale of Saab to Spyker was delayed due to suspicions that one of the Dutch exotic car maker’s major shareholders had ties to the Russian mafia. According to a recent report by Swedish newspaper Dagens Industri, the Swedish security force Sapo investigated former Spyker shareholder Alexander Antonov and determined that there was “strong suspicion”… Continue Reading...

Report: New Saab 9-3 Coming in 2012

Report: New Saab 9-3 Coming in 2012
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With Saab having just been saved by Dutch automaker Spyker, the new Saab Spyker Automobiles company has confirmed that it will deliver a new 9-3 model to market in 2012. The current 9-3 has been in production since 2002, meaning that by the time the third-generation of Saab’s volume seller arrives, the current model will… Continue Reading...
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