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As we all have seen in the earlier months that Saab was going under some deals of GM with other companies and then later this news arouse that this brand is going to die but finally the whole world has been given this pleasant news that Spyker has finally completed its deal of $74 million with GM and they have got the brand in their hands. According to the agreement Saab will now come as an independent car company and all the assets of Saab will now be transferred to its new owner Spyker.

Photo by Fliker_2000

Photo by Fliker_2000

According to Victor R. Muller, Spyker CEO “We are very much looking forward to being part of the next chapter in Saab’s illustrious history” while discussing more about Saab he said “Saab is an iconic brand that we are honored to shepherd. We are delighted to have secured the jobs and livelihoods of thousands of loyal Saab employees, suppliers and dealers and to have given reassurance to the 1.5 million Saab drivers and enthusiasts around the world.”

GM has decided to opt for Opel for cross course and cruising. They have not been able to decide against the decision. The foothold for Europe has been vital for GM. The company has been able to afford according to the decision with six months of the test sale period. The sell company will go to Magna International Inc. and would have GM rethinking about the matter.

Credit: stoth

Credit: stoth

The German company has been eager to control some of the stakes for Magna with the GM approval coming with Magna’s bid. They have been provided with billions of euros to get GM to pass their approval. GM had declined the recent ways to pick up the bidder for Opel but no doubt they had been thrown into with some choices to make. Finally keeping the Opel made the greatest sense with some of their RHJ International approvals following Magna came as choices. But GM had not been very political with this as this could have resulted into something totally different for them.

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