The final hurdle in the sale of GM’s Swedish brand Saab to Spyker has been removed, as already hinted, after the European Investment Bank (EIB) approved a 400 million euros loan for the Swedish carmaker.
This is the final step in a saga that held the headlines for the better part of 2009 and the entire 2010 and it represents Saab’s second chance of becoming a force to be reckoned with.
"We have been saying all along it [the final transaction] will happen in February, but clearly all… (read more)