Saab Cuts MSRP on 2010 9-3's
Wednesday, 10 March 2010 10:52

2010 9-3XIf you've been holding off on buying a new 9-3 because you wanted to make sure Saab would still be around to service it, it turns out you may have been doubly-smart. Saab announced that it is cutting the MSRP on 2010 9-3 models by 4 to 12 percent and will begin shipping new cars to dealers (who have been hurting for inventory) this month. The MSRP on the base-model 9-3 now comes in just below $30K, and even the 2010 9-3 Convertible has been discounted more than $2K. This puts pricing in a similar category to Swedish cousin Volvo, whose S40 starts at just under $30K as well.

Current Saab owners or lessees will also get an additional $1K discount on any 2009 or 2010 model. This is on top of already generous incentives of $4K-$8K offered on any leftover 2008 and 2009 models.

So if you've been holding out, it sure looks like NOW is the time to support your local dealers!

Pricing Announced on 2010 Model Year 9-3 Vehicles
Friday, 05 March 2010 00:00

Saab Cars North America Announces Pricing on 2010 Model Year 9-3 Vehicles

  • Manufacturer’s Suggested Retail Prices reduced on all 2010 model year 9-3 variants
  • 2010 model year vehicles to begin arriving in showrooms in April

DETROIT – Saab Cars North America today announced that manufacturer’s suggested retail pricing will be reduced for all 2010 model year 9-3 vehicles. These are the first 2010 model year Saab vehicles produced for the U.S. market and closely follow the recent acquisition of Saab Automobile AB by Spyker Cars NV

An exciting line-up of model year 2010 vehicles will arrive during the next few weeks to dealer showrooms across the United States. The manufacturer’s suggested retail price for every 2010 model year 9-3 variant has been reduced anywhere from 4 to 12 percent compared to model year 2009.

Spyker Cars Finalizes Purchase of Saab Automobile from GM
Tuesday, 23 February 2010 20:43


  • Transfer of ownership and operations to Spyker Cars takes place
  • Previously announced wind down of Saab operations ends
  • A new era begins for an iconic auto brand


DETROIT – General Motors and Spyker Cars NV today announced that they have finalized the deal for Spyker to purchase Saab Automobile AB.

Going forward, Saab and Spyker will operate under the Spyker (AMS:SPYKR) umbrella, and Spyker will assume responsibility for Saab operations. The previously announced wind down of Saab operations has ended.

“This transaction represents the successful outcome of months of hard work and intense negotiations, all aimed at securing a sustainable future for this unique brand, and we are pleased with the positive outcome,” said John Smith, GM vice president for corporate planning and alliances. “This is a great day for Saab employees, dealers and suppliers, and a great day for millions of Saab customers and fans worldwide.”

“Throughout negotiations over the past year, GM has worked with many parties, including governments and investors, to find a solution for Saab,” said Nick Reilly, president, GM Europe. “I’m very pleased that we could come to a positive conclusion, one that presents a viable future for Saab and preserves jobs in Sweden and elsewhere.”

Spyker Shareholders Approve Saab Deal
Friday, 12 February 2010 22:54

The good news keeps on coming for Saab, as Spyker shareholders have now approved the purchase of Saab from General Motors. This comes quickly on the heels of the EU putting its regulatory blessing on Sweden's guarantee of an EIB loan to Saab worth $546 million.

Spyker Secures Further Financing of Saab Deal
Monday, 08 February 2010 22:43

ZEEWOLDE, The Netherlands (8 February, 2010) – Spyker Cars N.V. announces today that Spyker has entered into a USD 25 million convertible loan agreement with an investment company owned by Heerema Holding Company Inc.

The USD 25 million loan has a 2 year term, an interest of Euribor + 10% and is convertible into shares at EUR 4 each. This loan secures the funding necessary to close the Saab transaction as the first USD 25 million has already been paid to GM on January 26, 2010. The convertible loan is conditional on SAAB receiving the EIB loan. On July 15 of this year a final payment of USD 24 million is due to GM. Spyker is confident that it will secure the funding for this second installment.

The European Commission approved the Swedish state guarantee for Saab. With respect to the approval of the Swedish state guarantee, competition commissioner Neelie Kroes said: "The state guarantee will contribute to the implementation of Saab's business plan without giving rise to any undue distortions of competition."

Spyker Provides Further Details on Saab Acquisition
Monday, 01 February 2010 21:39

ZEEWOLDE, The Netherlands (1 February, 2010) – In advance of the General Meeting of Spyker shareholders, to be held on 12 February 2010, and which was convened on 28 January 2010, Spyker Cars N.V. (“Spyker”) provides further strategic and financial details regarding its acquisition of Saab Automobile AB (”Saab”).


Spyker believes that through the purchase of Saab it has a rare opportunity to acquire and rebuild a global car brand which will be repositioned towards an independent performance-oriented niche car company with an industry-leading environmental strategy. Saab's brand DNA is unique and rooted in its aeronautical heritage, innovative and independent thinking and its Swedish origins. Spyker fully supports Saab's Business Plan which will be implemented by Saab management. The Business Plan, drawn up by Saab management over the past ten months, was analysed by Spyker in assistance with Booz & Co and KPMG Transaction Services, advisors to Spyker. The Business Plan has also been analysed and supported by several advisors to the Swedish Government and the EIB.

Full Audio of GM Press Conference
Tuesday, 26 January 2010 21:12

General Motors held its own press conference today, January 26, 2010, to announce the sale of Saab to Spyker. Here you will find the full audio of the call.

GM Reaches Agreement to Sell Saab to Spyker
Tuesday, 26 January 2010 13:37

DETROIT – General Motors and Spyker Cars NV today confirmed that they have reached a binding agreement on the purchase of Saab Automobile AB.

"Today’s announcement is great news for Saab employees, dealers and suppliers, great news for millions of Saab customers and fans worldwide, and great news for GM,” said John Smith, GM vice president for corporate planning and alliances.

“General Motors, Spyker Cars, and the Swedish government worked very hard and creatively for a deal that would secure a sustainable future for this unique and iconic brand, and we're all happy for the positive outcome,” Smith said.

As part of the agreement, Spyker intends to form a new company, Saab Spyker Automobiles, which will carry the Saab brand forward.  The sale will be subject to customary closing conditions, including receipt of applicable regulatory, governmental and court approvals.  Other terms and conditions specific to the sale will be disclosed in due time.

The Swedish government is at present reviewing the transaction and the related request for guarantees of a Saab Automobile loan that has been requested from the European Investment Bank.  Assuming quick action, the transaction is expected to close in mid-February, and previously announced wind down activities at Saab will be immediately suspended, pending the close of the transaction.

“Throughout the negotiations, GM has always had the hope to find a solution for Saab that would avoid a wind down of the brand,” added Nick Reilly, president, GM Europe. “We’ve worked with many parties over the past year, including governments and investors, and I’m very pleased that we could come to such a good conclusion, one that preserves jobs in Sweden and elsewhere. GM will continue to support Saab and Spyker on their way forward.”

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