I know its foreign butit has sub titles and its a gm car thats using a saab motor pushing some dam good numbers !! since its basically the buick regal body maybee another GN rip off ?
Gm sold saab so saab is no longer a gm ride.
Buick will ruin the legacy if they call anything else the GN…
i agree but dam thats a powerfull motor from a GM v6 !! I think they will probably bring it to the malibu side and call it a malibu SS
and Opel is a subsidiary of who?
saab used or not, it was GM designed motor
opel is gm but its been branded under different cars here in the US. sometimes a saturn sometimes a buick.
so ur telling me opel is spykers? Businessweek - Bloomberg
GM Sells Saab to Spyker, Saving Swedish Automaker (Update2)
February 23, 2010, 3:30 PM EST
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By Ola Kinnander and Katie Merx
Feb. 23 (Bloomberg) – General Motors Co. sold Saab Automobile to Spyker Cars NV, the Dutch maker of supercars, for at least $400 million in cash and preferred shares, averting the extinction of the 72-year-old Swedish carmaker.
“The transaction secures the future of Saab Automobile and signals the start of an exciting new era for the iconic brand,” Spyker said in a statement after Chief Executive Officer Victor Muller and Saab CEO Jan-Aake Jonsson signed the final accord today in Stockholm.
The completion of GM’s 14-month effort to sell Saab allows about 3,500 local workers to maintain their jobs and keeps the Trollhaettan-based company’s 1,100 dealers worldwide in business. The deal is part of Detroit-based GM’s strategy to dispose of the Saab, Hummer, Pontiac and Saturn brands to focus in the U.S. on Chevrolet, Buick, GMC and Cadillac.
Spyker, the Zeewolde, Netherlands-based manufacturer of the C8 Aileron sports car, is buying Saab for $74 million in cash and $326 million in preferred shares in the new company, which is likely to be called Saab Spyker Automobiles. A person familiar with the matter has said that GM is also getting $100 million of Saab’s liquidity.
“This is great for Saab and its employees, but at the same time, now starts a huge challenge,” said Martin Skoeld, an auto industry researcher at the Stockholm School of Economics. “They must ramp up sales again, and they must do it quickly.”
Sales Target
Saab will compete with Volkswagen AG’s Audi luxury division and Bayerische Motoren Werke AG, Muller said today at a news conference in Stockholm. Saab can make a profit by selling 100,000 to 125,000 cars a year, and will work to develop a successor to the mainstay 9-3 sedan by 2012, he said.
“If we sell north of 100,000 cars, Saab will be fine,” Muller said.
“The greatest threat to Saab is a ‘W-shaped recession,’” with the economy contracting again and bringing “deep trouble” to the car industry, Muller said.
The Swedish company will probably sell 53,000 cars in 2010, according to an estimate by IHS Global Insight last month. The Lexington, Massachusetts-based researcher predicted that Muller may need four years to reach his sales goal.
“I’m very pleased that we could come to a positive conclusion, one that presents a viable future for Saab and preserves jobs in Sweden and elsewhere,” GM Europe President Nick Reilly said in a statement.
Funding
Muller has raised the $50 million that was due on closing and said he will have “no problem” obtaining the final $24 million due on July 15. The acquisition adds about 15 euros per share in equity and 60 euros in assets to Spyker, he said.
Spyker rose 3.6 percent to 3.60 euros in Amsterdam trading. The stock has surged 69 percent this year.
Muller reiterated that he wants to list the new company in London and Stockholm and remove the stock from trading in Amsterdam.
The agreement caps a 12-week negotiating effort by Muller, who said he got the idea to buy Saab after former bidder Koenigsegg Group AB pulled out of talks with GM in November.
Spyker and GM were close to signing an agreement in December until the U.S. company halted negotiations amid concerns about Spyker investor Vladimir Antonov, who subsequently was forced to sell his stake. Antonov, a Russian citizen who is based in London, said a week ago that his Convers Group banking consortium provided $25 million of Spyker’s payments to GM.
Mainly ‘Technicalities’
“At least 10 times in the process, we thought the deal would not happen,” Muller said today. “But since Jan. 26, it’s been mainly about getting rid of technicalities.”
Muller said he’ll take ownership of a new version of Saab’s 9-5 sedan, one of a handful built so far, when he visits Trollhaettan to meet workers tomorrow and he expects “a great trip” when he drives the car back home to Amsterdam the next day with his two sons. Mass production of the 9-5 and other models will resume in three to four weeks, Muller said.
Saab stopped making cars last month as GM started procedures for liquidating the division. The Swedish company plans to start selling the new 9-5 by the middle of this year.
Point being, that Opel is a GM ride… it’s just a matter of them bringing the same parts and goodies over…
I personally lost a lot of respect for Saab when they started making the Saab impreza and the Saab trailblazer
I had an 86 900 tank a long time ago and enjoyed the shit out of it (for the short period it ran)
At least Saab got out of Subaru in time…
Stupid Automobile Always Breaking
Something An Asshole Bought
Silver Assumes A Beast
thats the best you can come up with ? Dam shag ur losing your touch.
Silver always a bitch :kekegay:
:thumbup: