Cars Vogue

It has been reported today that GM has today completed its sale for the Saab brand which it had started some months ago to the Spyker, as you might know that Saab is Swedish brand which was quiet controversial for the company and finally this news came that sale has been given to Spyker and today GM proudly announces that the sale has ended. The transaction that took place between both these companies combines Saab automobile and its 3,400 with Spyker’s cars and its 110-plus workers. This deal was thus quite beneficial for both of the companies and especially GM has got the chance to get itself up from the financial crisis which it is facing from the past few years.

It has been decided at the time of deal that further all decision regarding Saab will be taken by Spyker and according to Spyker’s CEO Muller “Saab’s future is now secure” and he further discussed that “We will be concentrating all of our efforts into reviving Saab and transforming it into a sustainable and profitable company with the confidence to be bold”. The ambitions of the company regarding this Swedish brand are quite high and it is expected that the production of Saab will be raised in the coming years.

This entry was posted on Wednesday, February 24th, 2010 at 6:18 am and is filed under Auto News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.