Sources say that GM is ready for Viktor Antonov’s return as Saab shareholder

Article by Christian A., on January 18, 2011

General Motors Co. is prepared to allow Russian businessman Viktor Antonov to return as a shareholder of Saab, according to sources cited by Swedish newspaper Dagens Industri.

Antonov claims that he was a target of false allegations of money laundering and other financial crimes. He was removed from last year's deal for Dutch sports car maker Spyker to buy Saab from GM.

Antonov revealed later that he had gotten the services of private investigators to clear his name.

The sources told the newspaper that GM, which has $326 million of redeemable preference shares in Saab, was now ready to let Antonov back as a shareholder. No confirmation for this report has been received either from Antonov or Saab.

According to the private investigators' report finished last August and which was made on Antonov's behalf, there is no evidence of involvement by him or his Convers group in organized crime or money laundering.

The report also found out that Antonov and Convers had not been the subject of investigations in the U.S., Britain or Russia. Spyker is targeting sales of 80,000 Saab cars in 2011 and 120,000 in 2012, which is when it predicts Saab to return to profit. [via autonews - sub. required]

Topics: gm, saab

If you liked the article, share on:

Pin It

Comments

Recommended

It’s quite safe to say that this generation marks the rise of the electric cars. For the past few years, automakers have been very busy trying to find the perfect...
by - March 28, 2017
Want to go for a sportier look, but don’t have enough cash to burn? Good news for future Ford Edge buyers, as the 2018 model year will have an optional...
by - March 28, 2017
Audi refreshes its portfolio as its go-faster division officially announces the release of six new RS models by the end of 2018. That’s quite a huge number of cars to...
by - March 28, 2017
Has Toyota started the production of a new electric supercharger? Well, a patent that was recently published indicated that they might have. And this electric supercharger looks more durable and...
by - March 27, 2017
The Tesla Model S has finally arrived in South Korean soil and is now available for test drive. But, there’s a catch. You’ll have to wait several months if you...
by - March 27, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries