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Source: Saab  February 23, 2010

Spyker Cars finalizes the purchase of Saab

·         Spyker Cars finalizes deal over the purchase of Saab Automobile
·         Transfer of ownership has taken place
·         Transaction signals the start of an exciting new era for Saab
·         Saab and Spyker to operate under parent company Spyker Cars N.V.
Trollhättan.  Spyker Cars N.V. today confirmed it has finalized the deal with General Motors Company to purchase Saab Automobile AB.  The transfer of ownership took place in Stockholm on February 23.  Going forward Saab Automobile and Spyker Cars will operate as sister companies under the umbrella of the Amsterdam Euronext listed parent company Spyker Cars N.V. (Ticker symbol:SPYKR).  This transaction secures the future of Saab Automobile and signals the start of an exciting new era for the iconic brand. 

Victor Muller , CEO of Spyker Cars NV said:  “We are delighted - Saab´s future is now secure."  He continued:  “From today 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.  We will reinforce the emotional experience between Saab drivers and their cars and we will focus on Saab's historical strengths in the fields of independent thinking, aircraft heritage, ecological performance and motorsport.

“Through this acquisition we add approximately 15 euros per share in equity and 60 euros of assets.  With a well funded business plan in place we are looking forward to working with Saab´s management on the realization of that plan and bringing exciting new products to our customers. Real Saabs, Saab Saabs" 

Jan Åke Jonsson, CEO of Saab Automobile AB said:  “Today´s announcement is great for Saab´s customers, dealers, suppliers and employees around the globe, the level of passion and support shown to Saab over recent months has been remarkable and this does bode well for the future.  Now we aim to get back to the execution of our business plan, starting with the introduction of the new 9-5 later this year, and with the continued support of our employees and business partners I am confident we will succeed."
 
“This transaction represents the successful outcome of months of hard work and intense negotiations, all aimed at securing a sustainable future for this unique brand, and we are pleased with the positive outcome," saidJohn Smith , GM vice president for corporate planning and alliances.  “This is a great day for Saab employees, dealers and suppliers, and a great day for millions of Saab customers and fans worldwide."

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Comments
  1. jaap
    veel succes!
    # 1
    February 23, 2010
  2. Otto
    Grattis! Toppenfin affär
    # 2
    February 23, 2010
  3. Motoradd
    At last the deal is done. A bright new future ahead.

    Thanks to all involved. I'm looking forward to some Saab Saab's in the future.

    I'll drink some ol tonight to celibrate (off to Ikea to buy some Swedish Ol).
    # 3
    February 23, 2010
  4. TTAero
    Yeha!
    Great times!

    Now, let me build my car on the net so I can take the specs to my dealer.

    # 5
    February 23, 2010
  5. maanders
    This is the great news we have all been waiting for. Congratulations!
    # 6
    February 23, 2010
  6. Sigbjörn Normann
    I feel happy! Griffin up!
    # 8
    February 23, 2010
  7. Daniel
    When will the production start again? This is a very good day for all of us!!!!!
    # 9
    February 23, 2010
  8. Tompa
    So Great! AND Steven Wade from Saabsunited is in Stockholm representing all of us SAAB fans!

    GO SAAB! GRIFFIN UP!!!
    # 10
    February 23, 2010
  9. Bromma
    Wonderful news. Congratulations to all involved. Now let's get the company moving again.
    # 11
    February 23, 2010
  10. Andrew Dodds
    Well done, My thanks to Victor Muller and Jan Ake Jonsson for their efforts.
    I will now drive my 2 SAAB Aero's with pride and look forward to owning a new 9.5 when they are available.
    # 12
    February 23, 2010
  11. Christof Rytz
    Great news! By the way: Will get my new Saab 9-3 XWD (ordered in October 2009) tomorrow!
    # 13
    February 23, 2010
  12. JakeK66
    Congrats Saab! I'm happy you'll be around for a very long time!
    # 14
    February 23, 2010
  13. john
    Congratulations. Its a thrill that you succeeded. I think many of us are looking foreward to see the future designs
    # 15
    February 23, 2010
  14. Janne K
    YES!! YES!! YES!!

    I can't believe that it's finally DONE!!

    Thanks to everyone involved!

    Griffin UP!
    # 16
    February 23, 2010
  15. Hans Leijström
    This is great news and I am excited to hear that -"We will reinforce the emotional experience between Saab drivers and their cars" and -"the level of passion and support shown to Saab over recent months has been remarkable".

    From Save to Love to Success!
    # 17
    February 23, 2010
  16. Janne K
    YES!! YES!! YES!!

    I can't believe that it's finally DONE!!

    Thanks to everyone involved!

    Griffin UP!
    # 18
    February 23, 2010
  17. Hans Leijström
    This is great news and I am excited to hear that -"We will reinforce the emotional experience between Saab drivers and their cars" and -"the level of passion and support shown to Saab over recent months has been remarkable".

    From Save to Love to Success!
    # 19
    February 23, 2010
  18. Anders H
    Congratulations SAAB and congratulations to Mr. Muller.
    I will send you my Curriculum vitae.
    //Anders
    # 20
    February 23, 2010
  19. Pavel
    congratulations!
    # 21
    February 23, 2010
  20. D. S.
    Improvement #1: Start making Saabs with cloth seats again. We don't all want leather!
    # 22
    February 23, 2010
  21. A.BuB
    Blessing and Congrats :') !!

    This past year was a torture to us Saab fellows, we are glad it is over, and looking forward for our beloved company new future.

    I thank you personally -very dearly- for not giving up, your strife for survival was an honor to us, I just couldnt imagine myself without a Saab, thank you Brothers and Sisters at Saab..

    For all who participated in Saving Saab, employees, enthusiasts, and unknown people behind the scenes, I cannot express much, but thank your dearly..


    I pray to my Saab Spyker NV all the best
    God blessings and guidance in the coming future.

    # 23
    February 23, 2010
  22. A.BuB
    Blessing and Congrats :') !!

    This past year was a torture to us Saab fellows, we are glad it is over, and looking forward for our beloved company new future.

    I thank you personally -very dearly- for not giving up, your strife for survival was an honor to us, I just couldnt imagine myself without a Saab, thank you Brothers and Sisters at Saab..

    For all who participated in Saving Saab, employees, enthusiasts, and unknown people behind the scenes, I cannot express much, but thank your dearly..


    I pray to my Saab Spyker NV all the best
    God blessings and guidance in the coming future.

    # 24
    February 23, 2010
  23. e
    GRATTIS SAAB!
    # 25
    February 23, 2010
  24. Alex
    Finally! All the best for NewSaab!
    Thank you all for getting this deal sealed. Griffin Up!
    # 26
    February 23, 2010
  25. Mary Kay Morley
    Congratulations! Thank You for all your hard work and dedication! I look forward to seeing Saab re-claim it's marketshare here in the States. The Saab Community will sleep a lot better knowing GM is no longer at the helm.
    # 27
    February 23, 2010
  26. ArtizanGBR
    This is great news and a wonderful start to a new decade, I can hopefully look forward to a new 95 for my lease car. Congratulations on a great outcome and I am really excited about what future Saabs will be like, and Aero X sportscar perhaps :)
    # 28
    February 23, 2010
  27. Nicholas McGee
    Congrats. Here's to an independent future :)
    # 29
    February 23, 2010
  28. WooDz
    I'd like to give a great big thank you to everyone who made this deal happen.
    Spyker, SAAB and GM. What can one say to convey one's gratitude for those who fought so hard to keep this iconic brand alive. Most of all, I will enjoy the privilege of ordering and taking delivery of a new SAAB, hopefully in the not too distant future. To everyone who kept the faith you truly are Pure SAABcore!

    To your good health
    Anthony Woodruffe
    # 30
    February 23, 2010
  29. AGL
    Bra jobbat!
    Lycka till, ser fram emot min 18:e Saab.
    Men kom loss med en xwd ttid.
    Jobba hårt nu.
    # 31
    February 23, 2010
  30. Conny
    YES!!! =)
    # 32
    February 23, 2010
  31. MrT
    Good luck to SAAB! This is truly a happy day for sweden, for us saabers but also for the auto industry.
    # 33
    February 23, 2010
  32. Dave
    What a day! The best news I have heard for a long time! Congratulations to SAAB & Spyker.
    Looking forward to seeing (and perhaps buying) the new 9-5.
    # 34
    February 23, 2010
  33. Saxel Nouth
    This is truly fantastic news! SAAB has gone through quite an epic year. I think that we all can breathe a collective sigh of relief now that Spyker has completed its purchase of SAAB. SAAB now has a chance to become a viable brand under new ownership. Thank you to Victor Muller, Jan Ake Jonsson, the employees at SAAB, dealers, suppliers, and the entire SAAB community of loyal and passionate owners who have united to help save this iconic brand.

    It has been a long road to independence. There is still much work to be done. I believe SAAB will be up to the challenge. I look forward to the new line up of "SAAB SAAB's" in the future years to come. For now though, time to celebrate SAAB Independence Day! Long Live SAAB......

    Regards,
    Saxel Nouth

    Toronto, ON Canada
    # 35
    February 24, 2010
  34. Beren Erchamion
    Incredible! Fantastic. Muller up! Saab Up! JAJ Up!
    # 36
    February 24, 2010
  35. terrie a. boyle
    I'm Driving the 5th Saab I've own in 20yrs. So please to know I will still own and drive saab's in my future!!
    # 37
    February 24, 2010
  36. Vlad
    Great news!
    Congrats everyone and let's hope the SAAB guys can do their job to bring back the REAL SAAB.
    # 38
    February 24, 2010
  37. Vlad
    Great news!
    Congrats everyone and let's hope the SAAB guys can do their job to bring back the REAL SAAB.
    # 39
    February 24, 2010
  38. Rufus Rudog
    Awesome news! Saab-Spyker
    # 42
    February 24, 2010
  39. Aeroo
    On behalf of the the Australian Saab Car Club members , from the land downunder congratulations to all involved..
    # 43
    February 24, 2010
  40. Andrew
    Yes!
    At the beginning of Jan. this could not be imagined even, nevertheless we hoped it...
    # 44
    February 24, 2010
  41. Bert Lugtmeier
    Congratulations!!! I wish you all the strenght and creativity to continue building SAAB's. My SAAB's (6X), including GM SAAB's were always great to drive, good quality and different from the rest. Continue the good and improve the bad, but stay different.
    # 45
    February 24, 2010
  42. Robert
    Victor Muller, van harte gefeliciteerd met deze fantastische prestatie. Jammer dat Saab U dringend
    nodig heeft anders zou ik zeggen; volg Jantje Petertje op en trek dit land uit de puree. U kunt het.....
    Zorg in ieder geval dat de regeringsfunctionarissen zich gaan verplaatsen in die wonderschone
    nieuwe 9-5 en niet in die Duitse saaie bakken. Succes
    # 46
    February 24, 2010
  43. james
    great this means i'll always be able to drive my 1993 900 turbo convertible in the future knowing should i need anything it'll be available and when....i want to order a brand new saab convertible in the future....i can!!!!
    # 47
    February 24, 2010
  44. Andy Rupert
    Hurrah! I am looking forward to SAAB getting back on its feet and producing great cars again.
    # 48
    February 24, 2010
  45. Valter Prieto Jr.
    As owner of a 1991 900 Turbo Aero in Brazil, I'm very happy and satisfied. Hope in great new future models with real Saab origin.
    Congratulations for everyone.
    # 49
    February 24, 2010
  46. FONZ
    Who says that the heroes (main actors) fade toward the sunset?. SAAB, an hero in the automobile market for its innovation, customer care, and among all others adjectives also BEAUTY, well .... SAAB is back and in full strength. This is to you, well done. Now, keep the promises :o)).
    # 50
    February 24, 2010
  47. Frode
    Hooray, great news! I drive a 05 9-3, but need a bigger car now that I have a family. The new 9-5 is a veeery good candidate and I am so eager to try it. Happy that I can continue waiting :)
    # 51
    February 24, 2010
  48. BKeith
    CONGRATULATIONS TO SAAB FROM ATLANTA!
    My pride of ownership is restored. Thank you Spyker and partners for making this dream come true.
    # 52
    February 24, 2010
  49. Eric GILLES
    Great news I was expecting as I could not imagine what will be my next car after 7 SAABs in the last 15 years: my last ones are a convertble 1992 and a 9-3 sport hatch I bought last year.
    Keep us unformed of the new developments available for the French market.
    Good wishes for a bright future
    # 53
    February 25, 2010
  50. sorrel
    Congratulations! A dream come true, thank you Victor and your team for saving such a wonderful, iconic car company! Me and my 93 convertible can smail one again! :)
    # 54
    February 25, 2010
  51. leopodstanicky
    I drive my SAAB 900 with pride, cause such a beautiful car cannot be ridden just like that - Jan Åke Jonsson and Victor Muller - you are my heroes - I was very happy to contribute to running SAAB with my little repair and upgrade orders - my heart is with you guys in Trolhättan !! leo
    # 55
    February 25, 2010
  52. hilmar
    Congratulations from Germany - it needs a new northern star at the car firmament !
    # 56
    February 25, 2010
  53. JMartin
    this is great news we look forward to your success and will continue to buy saabs from you in the future
    # 57
    February 25, 2010
  54. vincent youmans
    As an American, I have had 3 SAABs. I still have my 2002 9-3 3 door hatchback , 5 speed. I want a NEW one!!!
    # 58
    February 25, 2010
  55. pavluxa3159
    УРА!!!УРА!!!УРА!!!
    # 59
    February 27, 2010
  56. pavluxa3159
    УРА!!!УРА!!!УРА!!!
    # 60
    February 27, 2010
Comments are closed for this article

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