Although General Motors is in the process of winding down Saab, negotiations for the sale of the Swedish brand continue and, according to the latest rumors on the matter, Spyker is favorite to buy it. According to Bloomberg News, the Dutch carmaker wants to offer a combnation of cash and preferred shares in Saab worth $500 million, a proposal that complies with GM’s requirements.
As a result, an agreement is expected to be reached this week, although officials involved in the matter are keepi… (read more)