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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.”

General Motors Co. had reached their deal today and sold its Swedish subsidiary Saab to Koenigsegg Group AB. The switch is supposed to save GM from entering into a further vicious cycle of not being able to manage their Saab stock.

SaabWith the new deals the Swedish super car maker is now about to get full 100% share of their entire stock. GM Europe has revealed this in a statement. The contract comes as an important deal with President Carl-Peter Forester of GM Europe saying that GM will definitely go on working to finalize details for successful incorporation of this deal to close.

The agreement also comes with the weeks of uncertainty that GM had been facing regarding dealings with their Saab. There have been some preliminary suggestions of the deal to work since last June. It however finds itself following the finalizing steps from now on. GM wants to take care of details so that the closure happens carefully.

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