Breaking: Spyker sold to North Street Capital

It was announced today that Swedish Automobile, parent company of Saab and Spyker, sold Spyker to North Street Capital, a Connecticut-based private equity firm, for about 32 million euros... Read more

Spyker CFO Hans Go planning to resign

Spyker Cars NV’s chief financial officer, Hans Go, is planning to resign, the company said in a statement. Effective July 1, Go will step down as statutory director of Spyker. Saab... Read more

Spyker will not list its shares in Stockholm, CEO Victor Muller says

Spyker Cars NV has decided not to list its shares in Stockholm, the company’s chief executive officer, Victor Muller, disclosed. The company made this decision at its annual shareholders... Read more

Hawtai is still hoping to cooperate with Spyker

Hawtai Motor Group Co., a private China-based vehicle manufacturer, remains hopeful that it will be able to work with Spyker Cars NV, the owner of Saab, even with the media reports on the... Read more

Spyker Cars reported a first-quarter net loss of 72 million euros

Spyker Cars recorded a net loss of 72 million euros on Friday for the first quarter of 2011. The company, which bought Sweden-based Saab last year from General Motors Co., has also... Read more

Spyker may sell and lease back real estate property of Saab

Spyker Cars NV is in negotiations with a financial institution to sell and lease back real estate property of its subsidiary Saab Automobile, the company revealed on Monday. The funds... Read more

Sources claim that Spyker is planning to sell Saab’s real estate to Russian investor

Sources divulged that Spyker Cars NV is planning to sell Saab Automobile property to a company that Russian investor Vladimir Antonov controls. It will then be leased again to rescue the... Read more

Report: Vladimir Antonov ready to invest 15 million euros in Saab

In a recent interview, Russian businessman Vladimir Antonov told Autonews that he is ready to invest up to 15 million euros in Saab, after returning as a shareholder in Dutch group... Read more

2011 Geneva Motor Show: 2012 Spyker C8 Aileron GT racing car

Spyker's factory racing division, Squadron, will be releasing a new GT racer that is based on the C8 Aileron. This new model, which is expected to be ready at the start of the 2012... Read more

Spyker revised the value of its Saab assets to 132.3 million euros

Due to losses, Dutch automaker Spyker Cars has revised the value of its Saab assets to EUR132.3 million ($182.9 million), from EUR54.4 million. In 2010, Spyker acquired the much larger... Read more

Spyker ready to sell its sports car business and focus more on Saab

We have bad news for all of you folks who love the well-known Spyker sports cars… no, the brand will not die, but Spyker Cars announced today that it is negotiating to sell its business t... Read more

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

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... Read more

Saab names Matthias Seidl as interim COO for North America

Michael Colleran, Saab Cars North America’s chief operating officer has resigned and has been replaced by Matthias Seidl who serves as interim chief operating officer effective... Read more

Saab and Sweden create venture to develop transmissions for the auto industry

Spyker Cars NV's Saab Automobile has entered an agreement with Sweden's government to set up a venture to develop transmissions for the auto industry. Saab and Fouriertransform AB, the... Read more

Saab enters distibution deal for return to China market next July

Saab Automobile has reached a deal with China Automobile Trading Co. Ltd. for Saab to return to China in July 2011. They have agreed for China Automobile to distribute Saab’s cars,... Read more

Spyker to soon appoint Saab’s local partners in China, Russia, Brazil

Spyker Cars will soon name local distribution partners for Saab cars in China, Russia and Brazil. According to Spyker CEO Victor Muller, it aims to drive up Saab sales in the fast-growing... Read more

Saab to lay off 200 workers, union official says

Saab will cut its workforce by one-eighth or 200 workers, from about 1,600 employees, according to Hakan Skott, a union representative. Saab, based in the western Sweden town of... Read more

Spyker C8 Aileron Spyder makes its UK debut at the 2010 MPH Show

At the MPH The Prestige and Performance Motor Show at Earls Court in London, the Spyker C8 Aileron Spyder recently made its UK debut. Spyker, which now owns Saab, has been in the news a... Read more

Spyker’s takeover of Saab widens loss in 3Q 2010

Citing takeover costs, Spyker Cars NV posted a wider third-quarter loss and lowered this year's production forecast for Saab. Spyker, which bought Saab last February, released a statement... Read more

Spyker Timepieces celebrate firm’s 24 Hours of Le Mans participation

Finding the perfect Christmas gift for the motoring enthusiast is made easier with the availability of Spyker’s limited edition timepiece collection. The Spyker-branded chronographs were... Read more

Spyker’s Victor Muller describes Saab acquisition as world’s biggest bargain

Victor Muller describes Spyker’s acquisition of Saab as the world's biggest bargain, saying that the move was “a no-brainer.” He said that for $74 million, Spyker was able to buy a... Read more

GM’s deadline to receive bids for Saab has been extended

General Motors Co.'s Dec. 31 deadline to receive bids for Saab has been extended. After the holiday shutdown, Saab will restart production lines in January. GM had previously stated that... Read more

Official: GM finalized the deal for Spyker to purchase Saab

It's official! General Motors announced today that the Saab sale to Spyker Cars NV was finalized! According to the manufacturer, Saab and Spyker will operate under the Spyker (AMS:SPYKR)... Read more

GM could extend Saab deadline as it reviews remaining bids

General Motors Co. has set a deadline of Dec. 31 for the date when it was going to decide on the future of Saab but Saab board member Paul Aakerlund has been quoted by Bloomberg News to... Read more

BAIC to replace Shanghai GM as the new sales agent for Saab vehicles in China

Saab's new sales agent for its vehicles in China will now be Beijing Automotive Industry Corporation (BAIC), according a report from Southern Metropolis Daily, which in turn cited foreign... Read more

Report: GM and Spyker make progress on Saab deal

Negotiations in Stockholm last Friday may have gone smoothly as General Motors Co. is now reportedly inching towards a revived deal to sell the Saab brand to Spyker Cars NV, according to... Read more

Official: Spyker has agreed to buy Saab from General Motors

GM announced that it reached an agreement to sell Saab to Spyker!

Unfortunately, the manufacturer did not announce the price for Saab, but Bloomberg News said that Spyker will pay... Read more

Report: Spyker still in talks to buy Saab from General Motors

Spyker Cars remains optimistic and said last Monday that it was still in talks to buy Saab from General Motors Co.; however, no word has been given on when the deal would be entered.

Delegation of Swedish government to meet with GM regarding Saab

A meeting attended by representatives of the Swedish government and General Motors co. will take place next week in Detroit to determine the future of car unit Saab, according to a report... Read more

GM selects AlixPartners to oversee the wind-down of Saab

Corporate restructuring firm AlixPartners was chosen by General Motors Co. to oversee the wind-down of Saab. Nonetheless, GM continues to evaluate proposals from various companies who... Read more