Vladimir Antonov, the Russian “businessman” who attempted to buy Saab earlier in the year, has been arrested in England over charges of involvement in a massive money laundering scheme in Lithuania. Antonov, owner of Portsmouth F.C. (a British soccer team) and his partner Raimondas Baranauskas, were released on bail and ordered to surrender their passports. Both… Continue Reading...
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Vladimir Antonov is a man on a mission. Namely, he wants a sweet piece of the pie known as Svenska Aeroplan Aktiebolaget; but the forces that conspire against him include the Swedish government and federal investigators. So you think any support he gets against his powerful foes would be a credit to him, right? But what a long, strange… Continue Reading...
Saab is hitting the road in an effort to promote its new financial backers, but the road show will have to wait for approval from several authorities who must approve Saab’s transactions with China’s Hawtai Motor Group and Russian financier Vladimir Antonov. CEO Victor Muller will target major media events and car shows in an… Continue Reading...
With Saab parent company Spyker Cars having secured a 30 million euro short-term loan, Saab vehicles will now resume production after a payment dispute with suppliers forced them to suspend their operations. Saab CEO Victor Muller released a statement to the media, remarking “I would like to apologize to our dedicated employees, suppliers, dealers and customers… Continue Reading...
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...
Vladimir Antonov, Russian banker, investor, billionaire, and perennial runner-up for Most Interesting Man In The World Award, has been cleared by the Swedish National Debt Office to become a shareholder in Spyker, and ultimately Saab. Despite possible connections with organized crime that any Russian billionaire is expected to hold in the first place, Antonov has… Continue Reading...
According to website Saabs United (sounds more like a soccer team if you ask us), the Swedish government has given Saab the go-ahead to secure more funding from a European bank. Continue Reading...
After a tiff with suppliers who had halted their parts deliveries, Saab has now resumed production at its main factory. Like a deadbeat dad, Saab had stopped paying their suppliers. But the company had an excuse, and a potential solution: after their sales plummeted for the last few years, they appealed to former Spyker chairman… Continue Reading...
Russian billionaire Vladamir Antanov isn’t done with Saab yet. Forced out of the Saab deal when General Motors sold off the Swedish automaker to Spyker, he recently re-acquired the Spkyer brand from the combined Saab Spyker Automobiles through a British coachbuilder he’s heavily invested in. Now Antanov is stirring up trouble suggesting Saab might miss… Continue Reading...
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...
There are almost too many stories and rumors about Swedish automaker Saab to keep up with, as the latest reports suggest not one but two Dutch billionaires are involved in a new deal that would see Spyker purchase the loss-making division from General Motors. Dutch business daily Het Financieele Dagblad suggests Dutch media tycoon John… Continue Reading...
Dutch exotic car maker Spyker is likely the favored candidate in the resumed bidding for GM’s Saab division. Saab went back on the open market just a few weeks ago when a group led by Swedish supercar maker Koenigsegg retracted its offer. In an report published in Swedish daily Svenska Dagbladet a source described GM’s… Continue Reading...