News Archives - Page 8 of 9

Spyker and Hawtai Motor Group continue discussions about funding and strategic partnership yet earlier agreement terminated

Zeewolde, The Netherlands, 12 May 2011 – Spyker Cars N.V. (Spyker) announces today that Hawtai Motor Group Company Limited (Hawtai) and Spyker terminated the agreement by and between Hawtai, Spyker and Saab Automobile AB (Saab Automobile) with respect to funding and strategic partnership. However, discussions are ongoing. As a result of this termination, Saab Automobile may enter into a strategic […]

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News

Press: Saab Cars North America Appoints New President and Chief Operating Officer

Trollhättan, Sweden: Saab Cars North America today announced the appointment of a new president and chief operating officer, Mr. Timothy Colbeck. The announcement comes as Saab is embarked on its biggest-ever product offensive with four all-new products since 2010 – the all-new Saab 9-5 Sedan, Saab’s first crossover, the 9-4X, the 9-5 SportCombi and the 9-3 Griffin range. Effective Monday,

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News

Saab test production as Hawtai tour Saab factory

I’m playing catchup here, having just arrived back in Australia. While I was in transit, representatives from Hawtai Motor Group arrived in Trollhattan and toured Saab’s factory. At the same time that was happening, Saab were recommencing limited production aimed at making sure that everything was working OK on the production line. Full production should recommence in the next week,

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Report: Saab residuals up in British market

“The rise in forecast values for the Saab 9-3 over the last ten months has been driven by an increased confidence in the brand; allied to an improved product content creating a better future used car,” We were all pretty pleased to see that quote in a report in the motoring press today, commenting about the fact that Saab’s residuals

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Inside Saab Automobile, News

The deal with Hawtai and what it means for Saab and Spyker

Following are a number of questions and answers that I know are on people’s minds with regards to the recent deal Saab struck with Hawtai Motor Group, from China. —— Q: What does this deal mean for the financial future of Saab Automobile? This agreement with Hawtai, along with the convertible loan agreement with Gemini, means that Saab has effectively

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News

Press Release: SAAB AUTOMOBILE AB ENTERS AGREEMENT WITH HAWTAI MOTOR GROUP ON STRATEGIC PARTNERSHIP

Press conference live-tweeted on Twitter. —— Zeewolde, The Netherlands, 3 May 2011 – Following yesterday’s announcement that Spyker Cars N.V. (Spyker) secured its short term funding, Spyker announces today that Spyker and Saab Automobile AB (Saab Automobile) signed an agreement with Hawtai Motor Group Company Limited (Hawtai). This agreement conditionally secures medium term funding and includes financing in the form

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News

Saab Automobile and Hawtai Motor Group to Announce Strategic Partnership

Saab Automobile and Hawtai Motor Group invite journalists to attend a press conference on May 3, 2011, for the unveiling and signing of an exciting strategic partnership between both parties. The press conference will take place at 14:30 Beijing time (08:30 CET) in the Jinmao Ballroom (3rd Floor) at The Westin Beijing Chaoyang, 7 North Dongsanhuan Road, Chaoyang District, Beijing,

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Press Release: SAAB AUTOMOBILE SECURES SHORT-TERM FUNDING

I think the appropriate phrase is yeeeeeeeeee-haaaaa! —— Zeewolde, The Netherlands, 2 May 2011 – Spyker Cars N.V. (Spyker) announces that it secured the short-term funding of Saab Automobile AB (Saab Automobile) by entering into a EUR 30 million convertible loan agreement with Gemini Investment Fund Limited (Gemini). Spyker entered into a EUR 30 million convertible loan agreement with Gemini

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Comment on events from April 30-May 1

After last week’s breakthrough, when the National Debt Office approved Vladimir Antonov as a shareholder in Spyker, we are now awaiting the decisions by GM, the EIB and the Swedish Government. Discussions are ongoing with members of the EU parliament to ensure that the Bank’s review has the best prerequisites possible. Saab is also talking with Western Swedish Chamber of

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News

Extract from Spyker Cars NV interim first quarter results statement

Spyker Cars NV had a press release today outlining the company’s first quarter interim financial results. You can access the full report here. For the audience of Inside Saab, it would be appropriate to take an extract from that release, looking at recent events and the future outlook for the company. Of particular note: Focus on securing the medium and

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News

Comment on events from Thursday, April 28

Vladimir Antonov Yesterday the Swedish NDO allowed Vladimir Antonov as shareholder in Spyker, which means that he can become a financier of Saab Automobile if the Swedish government, GM and the EIB also give their approval. Saab and Spyker are working on many different fronts to secure funding in the short and medium term. Negotiations with various, potential strategic partners,

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