The Saab Thread

[DavidMorgan]

"Spyker Cars has completed the second and final payment to complete the purchase of Swedish carmarker Saab from US firm General Motors, the Dutch firm has confirmed in a press release.

The payment, amounting to $24 million was due to be paid to GM by July 15th but has already been handed over, Spyker said.

The firm claims that the payment has been made without having to extend its external debt."

I haven't seen the press release but found this here:
Published: 5 Jul 10 08:26 CET Spyker completes Saab payment - The Local

[IVR007]

Here is the press release

Published: 07:30 CEST 05-07-2010 /Thomson Reuters /Source: Spyker Cars N.V. /XAMS: TICKER SPYKR /ISIN: NL0000380830
SPYKER PAYS SECOND AND FINAL INSTALMENT OF SAAB'S PURCHASE PRICE TO GM EARLY




Zeewolde, the Netherlands, 5 July 2010 - Spyker Cars N.V. ("Spyker"), manufacturer of premium automobiles under the Saab and Spyker brands, today confirmed it has paid the second and final instalment of the purchase price for Saab Automobile AB ("Saab") to General Motors ("GM").

This USD 24 million payment to GM (plus interest) was due on 15 July 2010, but Spyker opted to pay almost two weeks early.

The payment has been funded from internal group sources and without any increase in external debt and no share issue causing dilution of existing shareholders. This internal funding became available following the closing of the acquisition of Saab Great Britain Limited by Spyker on 31 May 2010.

Victor Muller, CEO of Spyker Cars N.V. says: "The early payment of the second and last instalment underlines our desire to finalize the transaction with GM as soon as it was possible, enabling management to fully focus on the future of the group and the realization of Saab's business plan".

- Ends -

[Nabu]

My SAAB blog in french, sorry...^^
SAABactu

A French friend sent me this drawing (I added the text and logo SAAB)

[Reddingius]

mind = blown

[DavidMorgan]

It's just someone's drawing .. call it anything but a 9-3..
And definitely not the 9-3 that I want to buy in 2011/12

I want a 4 door with hatchback that 3 or 4 adults can get into and that I the driver can enjoy in safety.
Safety for me means visibility, this vehicle has none and is useless other than as an artist's exercise.
And there is no Saab ADN there except for the "hockey stick" line..

[Nabu]

It's just a drawing but a beautiful drawing. SAAB DNA (Aero X, 9-5 II, 9-X) is present but is exaggerated because it's a sketch...

[IVR007]

It has definitely got some Saab DNA, it's not a 9-3 but nevertheless a very impressive sketch. Thanks for posting Nabu and welcome.

[F Spider]

Today, the first US costumer car is built in Trollhattan. It takes seven hours to put a car through the production line.

[SpykerOwner]

Originally Posted by F Spider

Today, the first US costumer car is built in Trollhattan. It takes seven hours to put a car through the production line.

Sounds like you're not getting the first one

[F Spider]

No,no, according to Adrian Hallmark, the first US customer car is ours.