Breaking News

Breaking News
All latest automotive news.

American Cars

American Cars
All posts about american cars

European Cars

European Cars
All news about cars of the old continent !

Green Influence

Green Influence
Progress of manufacturers in renewable energy

Spyker finalizes the purchase of Saab .

July 09, 2010

The small Netherlands automaker just paid the final financial commitment to pay off the full amount to General Motors for the purchase of Saab. The car manufacturer describes as having paid the second and final part of the purchase price of Saab Automobile AB to its U.S. counterpart.

Remember that the deadline for the payment of $ 24 million was on July 15 next, but that Spyker has decided to pay the bill almost two weeks earlier.

Spyker said that payment was funded from internal sources of the group and no increase in external debt or issue shares that would cause dilution of existing shareholders. This internal funding was assured following the completion of the acquisition of Saab Great Britain Limited by Spyker last May 31.

"Paying the second and final payment 2 weeks earlier, we underline our desire to complete the deal with GM as soon as possible, which will enable our board of directors to focus exclusively on the group's future and the realization Business Plan for Saab, "concludes Victor Muller, CEO Spyker.

0 comments:

Post a Comment

Recent Articles Previous Articles Home
 
Cars Appeal by TNB | Template Provided by Blogger Templates

Automobile Blog Directory - Globe of Blogs - Blog search directory - Blog Directory by Blog Flux - Blog Listings - - Automobile Blogs http://www.wikio.com Online Marketing