Super Street Network

 |   |   |  Spyker Cars Finalizes The Purchase Of Saab's UK Distribution Company - Web Exclusive

Spyker Cars Finalizes The Purchase Of Saab's UK Distribution Company - Web Exclusive

Jun 1, 2010

Zeewolde, the Netherlands, 31 May 2010 – Spyker Cars N.V. (“the Company”), manufacturer of premium automobiles under the Saab and Spyker brands, today confirmed it has finalised the agreement with General Motors UK to purchase Saab Great Britain Ltd (“Saab GB”) – the UK distributor of Saab cars. The Company is listed on Eurolist by NYSE Euronext Amsterdam (ticker symbol SPYKR).

Epcp_1006_01+spyker_cars_finalizes_purchase_of_saab_uk_distribution_company+logo Photo 2/2   |   Spyker Cars Finalizes The Purchase Of Saab's UK Distribution Company - Web Exclusive

• Spyker Cars finalises agreement over the purchase of Saab GB
• Transfer of ownership has taken place
• Saab GB will carve out from General Motors’ UK organisation
• Transaction confirms the start of an exciting new era for Saab GB

The transaction secures the future of Saab GB and signals the start of an exciting new era for it as part of the newly independent Saab Spyker organisation.

Saab GB will complete a carve out process from General Motors UK in the next few months allowing it to operate as an independent company. The carve out will culminate in a move to new premises, expected to take place in August 2010.

Jonathan Nash, Managing Director of Saab GB, says: “We are delighted – this is great news for employees of Saab GB and its franchised dealers. We are now looking forward to a busy period of exciting new product launches over the next 24 months, starting with the UK launch of the all new 9-5 in our dealers on July 8th.” He continues: “Our dealer body has a reputation for individual customer service that fits perfectly with Saab’s position as an independent manufacturer, and I know they can’t wait to get started showing customers our new flagship.”

Victor Muller, CEO of Spyker Cars N.V. says: “We are very pleased that we have managed to finalise the acquisition of Saab GB within the time frame set and thank General Motors for their cooperation. We look forward to seeing Saab GB flourish with the introduction of so many new products in the coming months, starting with the all new 9-5. Historically, Great Britain has ranked in the top three markets for Saab and we have high expectations for the future.”

BROWSE CARS BY MARKET

MORE FEATURES

The Honda Civic Hatchback prototype will debut at the 2016 Geneva auto show. Get more details here.
Stefan OgbacFeb 10, 2016
The BMW M2 MotoGP safety car has been revealed before it begins duty at the start of the 2016 MotoGP season next month.
Erick AyapanaFeb 10, 2016
Regardless of anything you might think, Fugu Z is a great project with a sincere backstory.
Aiden G.Feb 10, 2016
CLICK TO PLAY WITH AUDIO
Driving the latest grown-up version of the Mini. Can it be luxurious and fun at the same time?
Ryan JurneckaFeb 9, 2016
Alpina has released full details of its newest model: the 2017 BMW Alpina B7 xDrive sedan, which will be the most powerful variant of the new BMW 7 Series.
Jason UdyFeb 8, 2016

SEARCH ARTICLES BY MAKE/MODEL

Search
TO TOP