Saab to be closed by GM

18th December 2009

The Spyker deal had to be completed before the year end - but basically they ran out of time to secure funding:

Spyker Chief Executive Victor Muller said GM declined to extend the deadline, adding that his company had lined up most of the required funding but was awaiting approval for EUR400 million in backing from the European Investment Bank.

GM claimed that extending the deadline would not have helped complete the deal.

Swedes are obviously dissappointed - their car industry has more or less become extinct as Volvo look as they could be sold to - Zhejiang Geely Holding Group Co., a privately-owned Chinese car maker.

Saab employs 3,400 workers globally and had 1,100 dealers. Anyway enclose some videos of some of their more outlandish motorsport projects.

Pikes Peak Per Eklund 850 Bhp SAAB rallycross in-car

Pikes Peak Per Eklund 850 Bhp SAAB rallycross - bit of external stuff as well - nice vid

Poly bushes by Autobush

8th February 2012

Nurburgring Track Days

20th January 2012

Early season start for Robert La Rocca

9th January 2012

Exciting Italian car collection unearthed

30th December 2011

Merry Christmas and Happy New Year

25th December 2011

Car Storage - Storacar

19th December 2011

Car shipping and SVA registration

18th December 2011