General Motors has agreed to sell its failing subsidiary Saab to the small Dutch sports car manufacturer Spyker. GM will receive 52.5 million euros from Spyker and will remain a shareholder in Saab.
Saab has applied for a 400-million-euro loan from the European Investment Bank which the Swedish government has agreed to guarantee.
The takeover deal depends on the loan going through and the sale being approved by the European Commission.
For the complete report: Dutch Spyker to take over GM subsidiary Saab | Radio Netherlands Worldwide
Saab has applied for a 400-million-euro loan from the European Investment Bank which the Swedish government has agreed to guarantee.
The takeover deal depends on the loan going through and the sale being approved by the European Commission.
For the complete report: Dutch Spyker to take over GM subsidiary Saab | Radio Netherlands Worldwide
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