The European Commission finally approved the Swedish state loan guarantees for Saab, which basically means that Spyker, the new owner of the Swedish brand, can now continue work on the restructuring plan. According to just-auto.com, "the EC has ruled 82.8% of the Swedish guarantee to be in line with its state aid rules concerning access to finance in the current global economic uncertainty," while the remaining 17.2 percent will be offered depending on the economic environment.
&quo… (read more)