Spyker in sale, leaseback talks to fund Saab

Sources divulged that Spyker Cars NV is planning to sell Saab Automobile property to a company that Russian investor Vladimir Antonov controls. It will then be leased again to rescue the carmaker from going bankrupt. The talks are private but according to sources, there may soon be a decision from the Swedish government who has to yet approve the plan.
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Steve - 4/12/2011 12:26:31 PM

+1 Boost

Cool. That way Spyker can shift current and future losses over to the owning company, and the owning company buys an "asset" and continues to have it run by the same team that can't make it profitable. Smart for Spyker, if they can pull this off!