Posts Tagged ‘Saab’

(AFX UK Focus) 2010-02-12 15:25 EIB approves 400 mln euro loan to Saab cars

(AFX UK Focus) 2010-02-12 15:25 EIB approves 400 mln euro loan to Saab cars
STOCKHOLM, Feb 12 (Reuters) – The European Investment Bank said on Friday it had authorised a 400 million euro ($546.9 million) loan to Saab cars, being bought by Dutch sportscar firm Spyker from U.S. parent General Motors. “The EIB has confirmed the authorisation to conclude the 400 million euro loan to SAAB Automobile AB … and to conclude the guarantee agreement with the Swedish National …

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EU approves Swedish State guarantee for automaker Saab to loan

EU approves Swedish State guarantee for automaker Saab to loan
The European Commission said on Monday it had approved plans by Sweden to provide a guarantee that would enable automaker Saab to access a loan from the European Investment Bank (EIB). The European Union (EU)’s competition guardian found that 82.8 percent of the guarantee to be provided by Sweden was in line with its temporary rules on state aid measures, which gives member states additional …

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EU says will rapidly review Saab loan guarantee

EU says will rapidly review Saab loan guarantee
BRUSSELS, Jan 27 (Reuters) – European Union regulators said on Wednesday they would review as soon as possible Swedish authorities’ plan to guarantee a 400 million euro ($562 million) European Investment Bank loan to Swedish carmaker Saab.

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Sweden guarantees 400 million euro loan for Saab: minister

Sweden guarantees 400 million euro loan for Saab: minister
(STOCKHOLM ) – Sweden will guarantee a 400 million euro (563 million dollar) loan Swedish carmaker Saab requested from the European Investment Bank, Enterprise Minister Maud Olofsson said Tuesday, following GM’s confirmation of Saab’s sale to Spyker.

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GM selling Saab brand

GM selling Saab brand
General Motors Co. agreed to sell its Saab unit to sports-car maker Spyker Cars NV in a deal that would save the 72-year-old Swedish brand from extinction. The transaction, subject to a $563 million European Investment Bank loan for Saab, will probably be completed in February, GM and Spyker said…

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Spyker, GM, Swedish Government Strike Last-Minute Deal to Save Saab

Spyker, GM, Swedish Government Strike Last-Minute Deal to Save Saab
Spyker and GM have reached a deal for Saab, and the Swedish government has decided to guarantee the loan.

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GM Sells Saab to Spyker

GM Sells Saab to Spyker
Sweden will guarantee a $563 million loan that Saab requested from the European Investment Bank.

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$74 million deal saves Saab

$74 million deal saves Saab
General Motor’s Swedish Saab brand has been saved from certain death thanks to a last-minute deal with Dutch exotic car builder Spyker.

Read more on CNN Money