Don't Feel Sorry for Saab ; Perhaps Understandably Critical of General Motors, Iain Robertson Welcomes the Engagement of Spyker Cars Nv (of Holland) with Saab, Which May Save the Niche Swedish Brand Even Though Future Plans Remain Open

Grimsby Telegraph › February 12, 2010

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Summary

FOR the past 18 months, the future of Swedish carmaker, Saab, has looked almost as bleak as a Trollhattan winter scene. Rumours have abounded as to how General Motors (GM) would handle the necessary sale of its Swedish subsidiary, which, it should be remembered, has also been producing the very poor-selling Saab 9-5-based Cadillac BLS for the past couple of years.

At one stage, even Formula One supremo Bernie Ecclestone was said to be brokering a rescue deal for the firm. Yet in an intriguing three-way deal, which will witness GM reducing its stake in Saab over coming years, funding is coming from the Swedish government and Dutch specialist, Spyker Cars, in a bid that is being welcomed by all participants.

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Extract

Don't Feel Sorry for Saab ; Perhaps Understandably Critical of General Motors, Iain Robertson Welcomes the Engagement of Spyker Cars Nv (of Holland) with Saab, Which May Save the Niche Swedish Brand Even Though Future Plans Remain Open

Svenska Aeroplan AktieBolaget (hence the SAAB acronym) was established in Linkoping, Sweden, just prior to the commencement of the Second World War. Its primary purpose was to build aircraft for the Swedish Air Force to protect its neu...

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