Swedish Dealers Prepared to help Spyker Finances

[DavidMorgan]

Saab dealers: we'll help pay for Spyker deal Published: 5 Feb 10 09:40 CET
Online: Saab dealers: we'll help pay for Spyker deal - The Local


"Swedish Saab dealers have said they are willing to stump up millions of kronor to help Dutch sportscar maker Spyker secure its purchase of Saab Automobile.
The dealers say they can provide up to 180 million kronor to save the carmaker, according to business daily Dagens Industri.

The offer was formally approved by a meeting of the board of the Swedish association of GM dealers, and is intended to help strengthen Spyker's hand in the ongoing talks over Saab.

"We have no doubt that Spyker can manage the financing on its own. But if we can help out if we are asked," said Lars Åke Sundén, CEO of the Biva dealership in Linköping.

Peter Hallberg, CEO of the Swedish GM Dealers' Association said that Saab dealers believe that there was "strong substance" in Spyker's business plan. They did not feel that they were taking an "imminently significant" risk by making the offer, he added.

Spyker has to raise 180 million kronor by the summer. Victor Muller, the company's CEO, has said he doesn't expect to have any problems finding the cash."

I say BRAVO to the Swedish dealers .. 180 million kronor = 25 million USD.

[Swisstrader]

I also say bravo to the Saab dealers and doubly so in this day and age of everyone looking for a bailout.

Originally Posted by DavidMorgan

Saab dealers: we'll help pay for Spyker deal Published: 5 Feb 10 09:40 CET
Online: Saab dealers: we'll help pay for Spyker deal - The Local


"Swedish Saab dealers have said they are willing to stump up millions of kronor to help Dutch sportscar maker Spyker secure its purchase of Saab Automobile.
The dealers say they can provide up to 180 million kronor to save the carmaker, according to business daily Dagens Industri.

The offer was formally approved by a meeting of the board of the Swedish association of GM dealers, and is intended to help strengthen Spyker's hand in the ongoing talks over Saab.

"We have no doubt that Spyker can manage the financing on its own. But if we can help out if we are asked," said Lars Åke Sundén, CEO of the Biva dealership in Linköping.

Peter Hallberg, CEO of the Swedish GM Dealers' Association said that Saab dealers believe that there was "strong substance" in Spyker's business plan. They did not feel that they were taking an "imminently significant" risk by making the offer, he added.

Spyker has to raise 180 million kronor by the summer. Victor Muller, the company's CEO, has said he doesn't expect to have any problems finding the cash."

I say BRAVO to the Swedish dealers .. 180 million kronor = 25 million USD.