Saab fans can finally breathe a sigh of relief as the troubled Swedish brand was finally rescued from certain death. On Tuesday, General Motors agreed to sell Saab to Dutch supercar manufacturer Spyker Cars following weeks of on-and-off negotiations.
Although the sale is still pending approval by the European Commission, GM expects the sale will be finalized by mid-February. GM has agreed to sell Saab for a price of $74 million.
Soon after news of the sale, Saab CEO Jan Åke Johnson and Spyker CEO Victor Muller released video interviews outlining their hopes for this new union and their vision of Saab’s future.
First up on Saab’s agenda will likely be the release of their all-new flagship sedan, the 2010 9-5, which made its debut at the 2009 Frankfurt Auto Show. With stellar reactions to their all-new sedan, dealers will likely be eager to see this vehicle in showrooms as soon as possible.
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