{"id":234651,"date":"2010-01-26T15:28:02","date_gmt":"2010-01-26T20:28:02","guid":{"rendered":"tag:consumerist.com,2010:\/\/1.10001295"},"modified":"2010-01-26T15:16:52","modified_gmt":"2010-01-26T20:16:52","slug":"gm-reaches-deal-to-sell-saab-to-spyker","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/234651","title":{"rendered":"GM Reaches Deal To Sell Saab To Spyker"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/consumerist.com\/assets_c\/2010\/01\/1-26-2010%203-16-22%20PM-thumb-238x160-36370.jpg\">         <\/p>\n<p>Spyker, a specialty car maker that makes only a dozen cars a year, has actually managed to come to a deal to buy Saab from GM, says Dow Jones.<\/p>\n<blockquote><p>\n Spyker, which only makes a few dozen cars a year, agreed to pay GM at least $74 million in cash, while the European Investment Bank will provide a 400 million-euro loan guaranteed by the Swedish government, said GM Vice President John Smith, who led Saab talks.<\/p>\n<p>Upon completion of the transaction, GM will retain redeemable preference shares of $326 million in Saab. The preference shares represent less than 1% of the voting rights in the capital of Saab.<\/p>\n<p>&#8220;The company has a sustainable business plan and GM is receiving fair value for Saab,&#8221; Smith said in a conference call with reporters. <\/p><\/blockquote>\n<p> The Spyker CEO says he intends to restore the &#8220;saabish&#8221; qualities that people are fond of, though we&#8217;re not sure what those are.<\/p>\n<p>The company also plans to change its name to Saab Spyker Automobiles. <\/p>\n<p>\n<a href=\"http:\/\/online.wsj.com\/article\/BT-CO-20100126-711820.html?mod=WSJ_Deals_LEFTLatestHeadlines\">UPDATE: GM Reaches Deal To Sell Saab To Spyker<\/a> [WSJ]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Spyker, a specialty car maker that makes only a dozen cars a year, has actually managed to come to a deal to buy Saab from GM, says Dow Jones. Spyker, which only makes a few dozen cars a year, agreed to pay GM at least $74 million in cash, while the European Investment Bank will [&hellip;]<\/p>\n","protected":false},"author":4513,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-234651","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/234651","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4513"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=234651"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/234651\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=234651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=234651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=234651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}