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But however, MLC announced it would close Saab on December 19, 2009, although this plan was later reversed. Motors Liquidation Company had until January 7, 2010, for the deadline of the revised bid. The sale of Saab to Spyker was approved on January 26, 2010, [19] and completed on February 23, 2010. [20]
On May 27, 2009, the U.S. Treasury advanced a secured loan of US$360.6 million to GM, and GM issued a note to the Treasury for US$360.6 million, plus $24.1 million USD as additional compensation for the warranty advance, pursuant to the terms of the Warranty Agreement dated December 31, 2008, between GM and the U.S. Treasury. The loan funded a ...
General Motor's 20-year relationship with Saab is nearly over. In a statement Tuesday, GM announced it has finalized the sale of Saab Automotive AB to Dutch luxury car company Spyker Cars NV. The ...
GM sold Saab Automobile sold to Spyker Cars in February, 2010. Saab Sodertalje Engine: Sodertalje: Sweden: Saab B engine Saab H engine: 1972: 2007: Saab plant. GM bought 50% of Saab Automobile in 1989 & the other 50% in 2000. Engine plant sold to Scania AB in 2007. GM sold Saab Automobile sold to Spyker Cars in February, 2010. 1,2,3,4,8: Saab ...
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Saab 96. Saab, "Svenska Aeroplan Aktiebolaget" (Swedish for "Swedish aeroplane corporation"), a Swedish aerospace and defence company, was created in 1937 in Linköping.The company had been established in 1937 for the express purpose of building aircraft for the Swedish Air Force to protect the country's neutrality as Europe moved closer to World War II.
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In November 2011, GM announced that production of the 9-4X would end, because General Motors was unwilling to provide a modern chassis and engine to a Chinese buyer that was a potential competitor to GM in China. [10] In February 2010, GM sold Saab Automobile AB to the Dutch automobile manufacturer Spyker Cars N.V. [11]
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