Saab Saved From The Brink With Last Minute Infusion Of Cash

Spyker Cars NV said Monday it has secured $88 million in short-term funding for Saab and aims to restart production at the troubled automaker's plant within a week.

The company, which bought Saab out of liquidation from General Motors Corp. in January 2010, says it signed a 30 million convertible loan with investment fund Gemini and will also make a drawdown request to the European Investment Bank for 29.1 million.

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