It’s official, I can update the Automotive Family Tree! GM has complete sale of Saab to Spyker Cars NV. Surprisingly this is the first successful sale of one of four GM brands. The transaction will combine 3,400 employees with Spker’s 110(ish) workforce.
Spyker is paying GM $74 million in cash and $326 million in redeemable preference shares.
Source:autonews.com (subscription required)
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