Spyker

BREAKING: The Curse Of Saab, Volume 3: Spyker Is Officially Bankrupt
BREAKING: The Curse Of Saab, Volume 3: Spyker Is Officially Bankrupt

Some things are hard to believe -- things like cold fusion and the longevity of Charlie Sheen's acting career. Not so long ago, we would've expressed our doubts about curses, too, but seeing the trail of destruction that Saab has left in its wake, we're beginning to have second thoughts. ALSO SEE...Read More»

2011 Saab 9-4X Aero
Aw, Snap: Spyker Sues GM For Making Saab Go All Bankrupt

The Saab story would be hilarious if it weren't so heartbreaking. The latest news? Saab's current parent, Spyker, is suing the company's former parent, General Motors, for standing in the way of Saab's adoption by a third parent (China's Youngman) and thereby forcing Saab into bankruptcy. If you've...Read More»

2011 Saab 9-5
GM Says 'No' To Saab Sale: We Recap The Saga's High Points Up To Today

The long, strange, saga of Saab may finally be coming to a close. Even though there's a shaky deal with Chinese investors in the works, GM has said that it will block any sale of Saab that involves the sharing of GM technology. As a result, Saab's reorganization administrator is once again pushing...Read More»

2011 Saab 9-5
Saab's Chinese Suitors Bail, Court Asked To Pull The Plug

Yesterday, Saab hit the snooze button and dreamed of survival a bit longer, thanks to a series of loans from North Street Capital totaling $70 million. That isn't nearly enough to keep the brand afloat, though, and the company has been banking on investments from China for its long-term stability...Read More»

2011 Saab 9-4X
Saab Drowning In Debt, Customers Jump Ship, CEO Gets Raise

Usually there's a lull in auto news at this time of year, but Saab is bucking the trend with plenty of high-stakes drama. New reports indicate that the Swedish government is about to seize Saab's assets, customers are fleeing the brand, and curiously, the CEO of Saab's parent company has landed a...Read More»

2011 Saab 9-5
Saab Returns From The Brink Of Collapse With 3 New Models

To say that Saab has had a tough time the past couple of years is like saying that Alaska is slightly chilly in the winter. Since the recession hit in 2008, Saab has teetered on the brink of collape, but fans will be happy to know that a new infusion of cash has put the company back on its feet...Read More»

2011 Saab 9-4X
Is It Last Call For Saab? #YouTellUs

In case you've been in a coma the last few years, Saab is in trouble. It was on the brink of being shut down forever when at the last minute, General Motors sold it to Spyker. Then Spyker started losing massive amounts of money on Saab, and ever since, it's been trying to right the ship. The list...Read More»

Saab logo
Saab Finds Another Chinese Savior in Pangda

Cats, it’s said, have nine lives. One can easily wonder if the same is true for Saab and parent company Spyker, whose CEO continues to put together last-minute deals to save the struggling Swedish automaker. After last week’s contract with Hawtai Motor Group fell through, the future...Read More»

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Saab Future Uncertain Again As Spyker's China Deal Collapses

Yesterday, Saab looked potentially through the worst of its troubles, with a new wave of funding—enough to give the struggling automaker a comfort zone—waiting in the wings. But a day later, Saab Automobile looks like it could possibly go the way of the Hummer. Last year, a deal with...Read More»

2011 Saab 9-4X
Spyker CEO Clears The Air About Saab, Looks Ahead To 9-4X

Saab is still alive—and well, according to Victor Muller, the CEO of Spyker Cars, Saab's owner. And in recent days, Saab has been on a hiring spree. Monday, Saab Cars North America named Timothy Colbeck its new president and CEO. Colbeck was most recently vice president, sales, at Subaru of...Read More»

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Deal To Save Saab Needs GM's Approval

Production of Saab automobiles has been stopped for over two weeks, as the struggling automaker scrambles for operating capital to pay supplier--and GM could once again hold the cards in the Swedish carmaker's survival. Current owner, Spyker Cars, has put together an elaborate deal to raise working...Read More»

2010 Saab 9-3X
2010 Saab 9-3X Now Available (For Pre-Order, Anyway)

New Orleans Saints fans aren't the only ones with good reason to spring (or crawl) out of bed this morning. According to SaabHistory.com, Saab fans have cause to celebrate too, as Saab dealerships are now taking orders for the 2010 Saab 9-3X. (Saab enthusiasts from New Orleans: pace yourselves.)...Read More»

2010 Saab 9-5
Spyker: Saab To Become A Streamlined Performance Brand

The long, strange saga of Saab is nearly at an end, and the company's new parent, Spyker, has now revealed plans for the brand's future. In a nutshell, Saab will be repositioned as a performance marque, based on a core group of three or four models. The Saab 9-3, 9-4X, and 9-5 are confirmed members...Read More»

2009 Saab 9-3
Rumor: GM Selling Saab To Spyker, Formal Announcement This Week

Many Saab fans have already slunk from the stadium, convinced that their favorite car brand is doomed for defeat, but one bidder for Saab may have just completed a Hail Mary pass to win the game. Spyker has been persistent in its efforts to purchase Saab from General Motors, and insiders at the...Read More»

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Saab Sale Decision Delayed Again, Genii To Submit Bid

Saab's sale is delayed. Again. Saab's board, due to meet today, has postponed its meeting until tomorrow to better consider how to get the company back up and running by Monday after a four-week layoff, and to weigh Spyker's renewed bid and a new bid from private equity firm Genii. Genii is already...Read More»

Wireframe Lamborghini Countach
Wireframe Lamborghini, Spyker’s Plans For Saab: Today’s Car News

Due for sale in 2012, the next-generation Mercedes-Benz S-Class sedan will reportedly be offered with plug-in hybrid technology, and eventually this option will be offered across the automaker’s fleet. [MotorAuthority] Since GM extended the deadline for potential bids for the Saab brand...Read More»

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The Brand That Wouldn't Die: GM May Lift Saab Sale Deadline

A few weeks ago, General Motors' chairman Ed Whitacre was on a spree: he'd sacked the company's CEO, canned and shifted many others on the executive team, and boldly said that if a buyer for Saab weren't found by December 31, the brand would bite the big one. Fortunately for Saab fans, Whitacre's...Read More»

Volvo C30 electric concept, 2010 Detroit Auto Show
Saab Saga Drags On, Subaru RWD In Doubt, Volvo EV: Today At High Gear Media

Winding our way toward the holidays this week, the struggle to save Saab from history's trash bin goes on at Spyker even after GM shut down the purchase process last Friday. Spyker's efforts may not be in vain, but we don't know yet if GM will be satisfied with the Dutch company's revisions to...Read More»

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Spyker Refuses To Let Saab Slip Away, Renews Offer

Just a few days ago we were writing epitaphs for Saab, but it looks as if it may yet be a bit early to call the brand dead. Dutch carmaker Spyker has renewed its offer to purchase Saab in spite of GM's announcement last week that it would begin winding down the brand. GM said last week there were...Read More»

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