The New York Times
Tue, January 26, 2010 -- 12:58 PM ET
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G.M. Reportedly Agrees to Sell Saab to Spyker
General Motors has struck a preliminary deal to sell Saab to
Spyker Cars, a tiny Dutch maker of high-end sports cars,
according to an official with knowledge of the deal, saving
Saab from what seemed like certain extinction after earlier
bids for the Swedish unit of G.M. collapsed.
G.M. had begun the process of shuttering Saab's production
line and other facilities in Trolltattan, Sweden, at the
beginning of the year, but the deal with Spyker will halt
that process and buy time for Saab to begin rolling out new
cars.
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