Category Archives: SaabLoan

Saab-Spyker is Go: EIB reportedly approves 400M euro loan, Spyker shareholders agree to Saab purchase

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Filed under: Europe , Saab , Earnings/Financials , Spyker Spyker-Saab is reportedly passing “Go” and collecting $547 million while they’re at. According to Automotive News , the €400 million loan courtesy of the European Investment Bank (EIB) has received final approval. There’s even more good Saab-related news (that almost feels weird to type) – Spyker shareholders have approved the ” we’re buying Saab ” deal.

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Saab-Spyker is Go: EIB reportedly approves 400M euro loan, Spyker shareholders agree to Saab purchase

Report: Saab dealers stumping up $24M in unsolicited funds to make Spyker deal a reality

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Filed under: Saab , Earnings/Financials Spyker’s deal to purchase General Motors’ ailing Saab division out of the throes of insolvency appears to be moving along quite nicely. Production of vehicles is underway, a plan is in place to launch critical new models and the European Union has approved of a European Investment Bank loan of 400 million-euros ($546 million) to Spyker. It would seem that the road to a successful acquisition is so sure that the executive committee of Saab dealers have made an unsolicited offer of $24 million dollars to help Spyker complete the deal.

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Report: Saab dealers stumping up $24M in unsolicited funds to make Spyker deal a reality

Bank of America refusing to give loans for Saabs?

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Filed under: Car Buying , Etc. , Saab Saab floats along in limbo as General Motors figures out what to do with its Swedish plum, meaning that dealers are stuck with moribund product to try and unload. It’s as nasty as it sounds for the automaker, but for buyers, it means deals on Saabs like never before.

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Bank of America refusing to give loans for Saabs?