Saab: Still Alive!

This morning we posted that Saab was done. That it wrong. We learnt just minuted ago that Saab is still alive. Swedish national papers indicate that a total 13 points were addressed over the past two days. They also state that GM and Spyker will have until tomorrow evening to decide is Saab stays alive or not. GM and Spyker say they are now working on a final solution before the deadline.

GM’s statement:

Following Friday’s announcement that GM will begin the orderly wind down of Saab, GM has received inquiries from several parties. We will evaluate each inquiry. We will not comment further until these evaluations have been completed.

Spyker’s statement:

We have made every effort to resolve the issues that were preventing the conclusion of this matter and we have asked GM and all other involved parties to seriously consider this offer. We are very confident that our renewed offer will remove the impasse that was standing in the way of an agreement on Friday, and this would still allow us to conclude the deal prior to the expiry of the deadline originally set by GM of December 31st.

Rest in Peace SAAB

Thanks to Carscoop for the nice photo.

"Despite the best efforts of all involved, it has become very clear that the due diligence required to complete this complex transaction could not be executed in a reasonable time. In order to maintain operations, Saab needed a quick resolution. We regret that we were not able to complete this transaction with Spyker Cars. We will work closely with the Saab organization to wind down the business in an orderly and responsible manner. This is not a bankruptcy or forced liquidation process. Consequently, we expect Saab to satisfy debts including supplier payments, and to wind down production and the distribution channel in an orderly manner while looking after our customers."

These were the words of GM Europe President Nick Reilly. It is now official: GM is closing down Saab. But, their could be a second life for Saab because before Saab's death, they had an agreement with China's BAIC that they would be able to sell the current-generation Saab 9-5 (but not the 2010 model shown in Frankfurt) and some of the 9-3 models. What we do not know is what will become of th upcoming 9-5 Sedan and the 9-4x. Stay tuned for more information.

Thanks to carscoop for the nice photo

Saab's no deal with Spyker

not with

Saab continues it's race. After a no deal with Koenigsegg last month. Yesterday, Saab has closed another deal, this time with Spyker. Here is the official statement:

“Despite the best efforts of all involved, it has become very clear that the due diligence required to complete this complex transaction could not be executed a reasonable time. In order to maintain operations, Saab needed a quick resolution,” said GM Europe President Nick Reilly. “We regret that we were not able to complete this transaction with Spyker Cars. We will work closely with the Saab organization to wind down the business in an orderly and responsible manner. This is not a bankruptcy or forced liquidation process. Consequently, we expect Saab to satisfy debts including supplier payments, and to wind down production and the distribution channel in an orderly manner while looking after our customers.”

Spyker trying to buy Saab

Koenigsegg was not able to finish the deal this past week, but Spyker is showing interest in buying Saab. There is thing no one understands; Spyker is not doing well lately selling supercars for over $200,000. Saab hasn’t made any profit the last eight years. It even lost about $340 million in 2008. So why take over Saab? NO one knows!

Car news today

This past week, Spyker has been very quiet lately. The automaker from Zeewolde, Holland is shifting its manufacturing base to Coventry in the UK. Spyker CEO Victor Muller confirmed earlier this week. Over 135 Spyker employees are working in Holland but company official say that only 45 will need to move. Although they are moving, engineering, corporate staff functions, sales, after-sales, marketing and Spyker's GT race team will remain in Zeewolde.



The newest and lightest Porsche ever was released. Photos were revealed and specs also. But, three weeks after unveiling, Porsche and it's Boxster Spyder is still working, having released a few more photos of it. Click here to see the photo gallery from gtspirit.com.



Ferrari lately have been popping up Ferrari stores all over the world. Now, they are up to putting one in Greece, located at the heart of Athens in Kolonaki street. They already have stores in Milan, Rome and Venice in Italy, London in the UK, Barcelona in Spain, San Francisco and Miami in the U.S., Macao in China and Dubai in the U.A.E. They are also planning to put 50 more stores all over the world in Europe, America, and the Middle and Far East.


We already mentioned the Ferrari P4/5 Competizione from Glickenhaus right? Well, this past week, it has got a green light for production. It will compete in several 24h races including the 2010 Nurburgring 24hr race. It will have a V8 engine or an Enzo V12.



Porsche has delayed thew deliveries of the Panamera in the US. but problem solved because when owners will receive their Panamera delivery, it will include Porsche new Luggage Set: FREE! It is usually priced at $3,580!!!!!!!!!!!!! It was for thanking clients for their patience. Automakers can always be kind.



The Audi A7 exists! We know thanks to WorldCarFans.com. The car when spotted was not heavily disguised, but photos are not great. The 4-door coupe is similar to the A5 Sportback, but with different B and C pillars. The car will feature a new Turbo V8 or if costumers want, they can buy the car with a V8 TDI producing around 800Nm of torque. The car also seems longer and wider than the A5 and will compete against the Porsche Panamera and the Aston Martin Rapide.

According to WreckedExotics.com, two Lambo Murcielago crashes have happened lately. One happened in Park Lane, London and one in Switzerland. The Switzerland accident occurred late Thursday night. A young and drunk Russian driver was in his Lambo, and crashed his Italian supercar.

Spyker Makeover!

We have learned just a few minutes ago that Spyker will release 3 new cars; the Aileron Coupe, the C8 Spyder and the C8 Aileron. The Aileron Coupe has a price tag of $252 grand. Audi's 4.2. liter V8 under it's hood produces 400 plus horsepower. The C8 Spyder has the same engine but can reach 100 km/h (60 mph) in 4.5. seconds and top speed in this one tops off at more than 300 km/h. Finally, the C8 Aileron. Now this car is awesome! But it has exactly the same specs as the other 2 cars. One spec we did not mention yet is toque, while the C8 Aileron's V8 produces 354 lb-ft of it.

Photos!

Aileron Coupe
C8 Spyder
C8 Aileron