Trading in shares of Spyker Cars on the Amsterdam Stock Exchange was suspended in advance of a pending announcement regarding Spyker’s attempt of buying off Saab. The stakes were frozen at €3.91, an 82% increase since trading ended last Friday.

Backed up by the Russian bank Convers Group, Spyker has been hammering a deal with General Motors to purchase Saab. The latest offer is believed to be valued at $550 million in cash and stock. Recent rumors also suggest that a Spyker vehicle has been delivered to the Saab museum in Sweden.

A source close to the deal said that the deal has almost been completed but the trading will be suspended…

The Dutch automaker Spyker extends its offer to buy the Swedish brand Saab until Wednesday. According to an interview of Sypker CEO Victor Muller with the svd.se, after they have gotten a reaction from GM, the earlier set deadline was then removed.

Although the possibility of GM selling Saab to Spyker is not a good move, it still spares the brand from closing down and will save more than 3400 jobs that will be lost if shutting down Saab comes.

Spyker says that it does not need the European Investment Bank’s 400 million euro loan in order to acquire Saab. “The new offer eliminates the need for an EIB loan approval prior…

With Koenigsegg stepping away from the acquisition deal of Saab, the future of the Swedish brand is still yet to be known. But a few had already speculated of what possible scenarios Saab will be in.

The most probable one, closure. One strong basis is the axing of Saturn when the Penske deal did not pull through. As there are currently no other bidders for Saab, this probability may not seem farfetched at all.

The second possible scenario for Saab is that it could be bought by a different third-party company. Several automakers and investors—such as Fiat, Geely, Dongfeng Motor Group and BAIC—have been reportedly wooing Saab. But the big question is…

Super car company Koenigsegg has withdrawn their offer to buy the Swedish car manufacturer Saab. With Koenigsegg’s pulling out of the deal, Saab’s future in unclear.

Although a preliminary agreement has been agreed on June, constant delays to the acquisition process pushed Christian Koenigsegg to call off the deal.

“We regret that after six months of intense and goal-oriented work, we have come to the painful and difficult conclusion that we are not going to be able to carry out the acquisition of Saab Automobile,” said the Christian von Koenigsegg, the head of the company.

He also reiterated that the timing of the acquisition has been critical for their strategy to help keep…

The debut of the Saab 9-5 sedan at the South Florida International Auto Show in Miami just heralded the new era for the car manufacturer.

The sleek and sophisticated Saab 9-5 sedan combines fashion-forward Svenska design with advanced technologies and will bring a fresh alternative choice to the premium sedan segment when sales start later in 2010.

The Saab 9-5 sedan pays tribute to its aviation heritage with its dramatic wraparound window graphic while being bold with a frontal styling that was inspired from the award-winning Aero x concept car and a muscular, low-slung stance.

Hailed as the most technically advanced Saab, the 9-5 is aptly equipped with and aircraft-like head-up information display…

According to reports, Beijing Automotive Industry Corporation, the Chinese car maker that will be a minority shareholder for Swedish supercar manufacturer Koenigsegg, said that it wants to have access to the Saab’s technology in exchanges for helping the company marketing the brand in China.

Koenigsegg is expected to acquire Saab from General Motors within the next few weeks.

In an interview done by the Wall Street Journal, the Chinese car maker’s president, Wang Dazong said that it wants to be able to access some of the GM based technologies in exchange for the assisting Saab market in the ever growing Chinese market. Wang has only been with Beijing Auto for a little…

It has been a couple of months now since Swedish car maker Koenigsegg started dealing with American car maker General Motors for the possible acquisition of the Saab brand. However, Koenigsegg is experiencing some difficulty in getting financing to back up the loan.

Now in order to complete Koenigsegg’s plan to buy Saab from General Motors, the Swedish Government has announced that it will guarantee the $610 million European Investment Bank loan the automaker had asked for.

Sweden’s TT News Agency has confirmed that the Swedish Government has contacted the European Commission to inform them that it will give a state guarantee for the loan.

“The deal still lives in our view. If…

Within a couple of months General Motors’s ‘Hummer’ brand will be owned by a Chinese company. But Hummer may not be the only ex GM brand to be bought by a Chinese company. China’s SAIC is reportedly pursuing a part ownership of the Saab brand.

According to Reuters, SAIC is talking with Koenigsegg – Saab’s new owners – about the possibility of buying shares of the Saab brand. If the deal pulls thru, Koenigsegg will still remain the owners of the brand and SAIC acting only a passive investor.

“SAIC is considering taking a stake in Saab but has not made up its mind on that or the size of any possible…