Spyker’s Victor Muller describes Saab acquisition as world’s biggest bargain

Victor Muller describes Spyker’s acquisition of Saab as the world's biggest bargain, saying that the move was “a no-brainer.” He said that for $74 million, Spyker was able to buy a company worth $1.1 billion. In the process, Spyker also received several vehicle programs.

Spyker gets access to nearly $550 million, which is provided by the European Investment Bank and the Swedish government. Saab also now owns a state-of-the-art assembly plant and engineering center in Trollhattan, Sweden, as well as a crash laboratory, wind tunnel and climate chamber.
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thstone - 9/16/2010 4:11:30 PM

+2 Boost

Hah!Its like buying a Ferrari 308 for $25,000. Sure, its a good deal up-front, but you can be sure that there is a $20,000 engine or tranny re-build in your near future before you can unload it to the next guy for ..... $25,000.

MorePower - 9/16/2010 7:21:55 PM

+1 Boost

Saab had a huge following in the 70's & 80's. They just went to shit after GM acquired all of them and stuck their most popular car on the old Malibu/G6 platform.

Saab can come back with some good marketing and a great product.

Joe_Limon - 9/16/2010 7:46:19 PM

+3 Boost

When GM bought SAAB their sales were diving. From when they bought SAAB, their sales increased up until the recent selling/partial shut down of SAAB.

http://www.saabhistory.com/blog/wp-content/uploads/2008/10/saab_sales_specs1.jpg

91z4me - 9/16/2010 9:57:31 PM

+3 Boost

Joe, what are you THINKING bringing facts into this?!

rubenkincaid - 9/16/2010 7:32:21 PM

+2 Boost

It will only work if they follow through with great cars... hope they can do it.

mini22 - 9/18/2010 7:58:49 PM

+1 Boost

I think Saab is on the right track. You've got people running this company that are clearly car enthusiasts as well as Saab enthusiasts. They have a great sense of history as to what made Saab so appealing to some people. Further look for saab to really bring back more of the swedish design culture into their future cars. There is only so much that can be done with the current 9-5 as it is a GM platform. The 9-3 will be a much modified GM platform and should be a more exiting car.The interiors will be better styled with moore Saabness in the future. Who knows they may redo the Saab Sonnet. That would be very exiting.