The Truth About Cars » Spyker http://www.thetruthaboutcars.com The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. Wed, 10 Feb 2016 17:42:47 +0000 en-US hourly 1 http://wordpress.org/?v=4.2.4 The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. The Truth About Cars no The Truth About Cars editors@ttac.com editors@ttac.com (The Truth About Cars) 2006-2009 The Truth About Cars The Truth About Cars » Spyker http://www.thetruthaboutcars.com/wp-content/themes/ttac-theme/images/logo.gif http://www.thetruthaboutcars.com Spyker Emerges from Bankruptcy Charged with Enthusiasm http://www.thetruthaboutcars.com/2015/08/spyker-emerges-from-bankruptcy-charged-with-enthusiasm/ http://www.thetruthaboutcars.com/2015/08/spyker-emerges-from-bankruptcy-charged-with-enthusiasm/#comments Sat, 01 Aug 2015 18:00:20 +0000 http://www.thetruthaboutcars.com/?p=1131465 Spyker — the former Saab owner, F1 contender, and builder of aircraft-inspired supercars — has emerged from moratorium and plans to merge with Portland, Oregon electric aircraft manufacturer Volta Volare, said the company in a release on Thursday. As part of Spyker’s future plans, electrification seems to be the common theme, whether it be for […]

The post Spyker Emerges from Bankruptcy Charged with Enthusiasm appeared first on The Truth About Cars.

]]>
Spyker — the former Saab owner, F1 contender, and builder of aircraft-inspired supercars — has emerged from moratorium and plans to merge with Portland, Oregon electric aircraft manufacturer Volta Volare, said the company in a release on Thursday. As part of Spyker’s future plans, electrification seems to be the common theme, whether it be for […]

The post Spyker Emerges from Bankruptcy Charged with Enthusiasm appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2015/08/spyker-emerges-from-bankruptcy-charged-with-enthusiasm/feed/ 19
U.S. Court Shoots Down Saab Suit Against GM http://www.thetruthaboutcars.com/2013/06/u-s-court-shoots-down-saab-suit-against-gm/ http://www.thetruthaboutcars.com/2013/06/u-s-court-shoots-down-saab-suit-against-gm/#comments Tue, 11 Jun 2013 12:29:40 +0000 http://www.thetruthaboutcars.com/?p=491602 When Spyker sued GM for mucking with Saab’s failed deal with Youngman, and wanted $3 billion for its trouble, TTAC’s resident garage lawyers did not give Spyker big odds. Yesterday, the suit was thrown out. A U.S. federal judge said the GM had the right to block the sale of a company using its technology, […]

The post U.S. Court Shoots Down Saab Suit Against GM appeared first on The Truth About Cars.

]]>
When Spyker sued GM for mucking with Saab’s failed deal with Youngman, and wanted $3 billion for its trouble, TTAC’s resident garage lawyers did not give Spyker big odds. Yesterday, the suit was thrown out. A U.S. federal judge said the GM had the right to block the sale of a company using its technology, […]

The post U.S. Court Shoots Down Saab Suit Against GM appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2013/06/u-s-court-shoots-down-saab-suit-against-gm/feed/ 10
Tax Saabotage: Muller And Saab Board (=Muller) Target Of Swedish Government, Paper Says http://www.thetruthaboutcars.com/2013/05/tax-saabotage-muller-and-saab-board-muller-target-of-swedish-government-paper-says/ http://www.thetruthaboutcars.com/2013/05/tax-saabotage-muller-and-saab-board-muller-target-of-swedish-government-paper-says/#comments Thu, 30 May 2013 12:17:13 +0000 http://www.thetruthaboutcars.com/?p=490015 Despite Victor Muller’s assurances that he is innocent, that he has not been accused of any crime, and that Sweden’s Economic Crime Authority most likely only wants to invite him for a friendly chat, Sweden’s  Göteborgs-Posten thinks it knows who is the target of the investigation:  Victor Muller, and Saab’s board. In the end, Victor […]

The post Tax Saabotage: Muller And Saab Board (=Muller) Target Of Swedish Government, Paper Says appeared first on The Truth About Cars.

]]>
Despite Victor Muller’s assurances that he is innocent, that he has not been accused of any crime, and that Sweden’s Economic Crime Authority most likely only wants to invite him for a friendly chat, Sweden’s  Göteborgs-Posten thinks it knows who is the target of the investigation:  Victor Muller, and Saab’s board. In the end, Victor […]

The post Tax Saabotage: Muller And Saab Board (=Muller) Target Of Swedish Government, Paper Says appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2013/05/tax-saabotage-muller-and-saab-board-muller-target-of-swedish-government-paper-says/feed/ 8
Tax Saabotage: Swedish Economic Crime Authority To Question Muller http://www.thetruthaboutcars.com/2013/05/tax-saabotage-swedish-economic-crime-authority-to-question-muller/ http://www.thetruthaboutcars.com/2013/05/tax-saabotage-swedish-economic-crime-authority-to-question-muller/#comments Wed, 29 May 2013 13:29:39 +0000 http://www.thetruthaboutcars.com/?p=489944 Former Saab Chairman Victor Muller “will be called in to answer questions related to a Swedish inquiry into alleged tax offenses at the bankrupt carmaker,” Sweden’s  Economic Crime Authority told Reuters. When news spread last week that Muller will be called on the carpet, Victor took to his favorite mouthpiece, Saabsunited, and said it is […]

The post Tax Saabotage: Swedish Economic Crime Authority To Question Muller appeared first on The Truth About Cars.

]]>
Former Saab Chairman Victor Muller “will be called in to answer questions related to a Swedish inquiry into alleged tax offenses at the bankrupt carmaker,” Sweden’s  Economic Crime Authority told Reuters. When news spread last week that Muller will be called on the carpet, Victor took to his favorite mouthpiece, Saabsunited, and said it is […]

The post Tax Saabotage: Swedish Economic Crime Authority To Question Muller appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2013/05/tax-saabotage-swedish-economic-crime-authority-to-question-muller/feed/ 5
Tax Saabotage: Victor Muller Named As Suspect http://www.thetruthaboutcars.com/2013/05/tax-saabotage-victor-muller-named-as-suspect/ http://www.thetruthaboutcars.com/2013/05/tax-saabotage-victor-muller-named-as-suspect/#comments Thu, 23 May 2013 07:43:12 +0000 http://www.thetruthaboutcars.com/?p=489341 As suspected, the Swedish Saab scandal  over avoided taxes grows wider.  Yesterday, it reached the failed takeover artist Victor Muller. “Muller prime suspect in Saab tangle,” headlines Swedens Svenska Dagbladet, The paper obtained court documents that say Muller is wanted for questioning. “Victor Muller is going to be called into the Financial Crimes Unit,” Chief […]

The post Tax Saabotage: Victor Muller Named As Suspect appeared first on The Truth About Cars.

]]>
As suspected, the Swedish Saab scandal  over avoided taxes grows wider.  Yesterday, it reached the failed takeover artist Victor Muller. “Muller prime suspect in Saab tangle,” headlines Swedens Svenska Dagbladet, The paper obtained court documents that say Muller is wanted for questioning. “Victor Muller is going to be called into the Financial Crimes Unit,” Chief […]

The post Tax Saabotage: Victor Muller Named As Suspect appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2013/05/tax-saabotage-victor-muller-named-as-suspect/feed/ 7
Return Of The Zombies: Spyker, Youngman, Phoenix http://www.thetruthaboutcars.com/2012/08/return-of-the-zombies-spyker-youngman-phoenix/ http://www.thetruthaboutcars.com/2012/08/return-of-the-zombies-spyker-youngman-phoenix/#comments Mon, 27 Aug 2012 13:39:05 +0000 http://www.thetruthaboutcars.com/?p=457982   Victor Muller managed to sell out to China after all. Today it was announced (full press release here) that Muller’s Spyker and former Saab suitor Youngman will form two companies. Spyker calls them “joint ventures,” but they look more like companies owned mostly by Youngman, with Spyker holding a token share. The first company […]

The post Return Of The Zombies: Spyker, Youngman, Phoenix appeared first on The Truth About Cars.

]]>
  Victor Muller managed to sell out to China after all. Today it was announced (full press release here) that Muller’s Spyker and former Saab suitor Youngman will form two companies. Spyker calls them “joint ventures,” but they look more like companies owned mostly by Youngman, with Spyker holding a token share. The first company […]

The post Return Of The Zombies: Spyker, Youngman, Phoenix appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2012/08/return-of-the-zombies-spyker-youngman-phoenix/feed/ 9
Get The Pöpcørn: Spyker Sues GM For 3 Billion http://www.thetruthaboutcars.com/2012/08/get-the-popcorn-spyker-sues-gm-for-3-billion/ http://www.thetruthaboutcars.com/2012/08/get-the-popcorn-spyker-sues-gm-for-3-billion/#comments Mon, 06 Aug 2012 13:39:47 +0000 http://www.thetruthaboutcars.com/?p=455610 “YES!!!!!!!” That was the first comment  from the acolytes of the recently a bit depressed fansite Saabsunited, when it was announced that Victor Muller’s Spyker sued GM for $3 billion over Saab’s bankruptcy. “It’s hard to believe. We have no comment until we see the lawsuit,” said GM spokesman James Cain to Reuters. The complaint […]

The post Get The Pöpcørn: Spyker Sues GM For 3 Billion appeared first on The Truth About Cars.

]]>
“YES!!!!!!!” That was the first comment  from the acolytes of the recently a bit depressed fansite Saabsunited, when it was announced that Victor Muller’s Spyker sued GM for $3 billion over Saab’s bankruptcy. “It’s hard to believe. We have no comment until we see the lawsuit,” said GM spokesman James Cain to Reuters. The complaint […]

The post Get The Pöpcørn: Spyker Sues GM For 3 Billion appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2012/08/get-the-popcorn-spyker-sues-gm-for-3-billion/feed/ 36
Our Daily Saab: SWAN Examines The Endgame Options http://www.thetruthaboutcars.com/2011/11/our-daily-saab-swan-examines-the-endgame-options/ http://www.thetruthaboutcars.com/2011/11/our-daily-saab-swan-examines-the-endgame-options/#comments Fri, 11 Nov 2011 16:29:46 +0000 http://www.thetruthaboutcars.com/?p=417775 With Saab’s latest MOU with PangDa and Youngman expiring on Tuesday, the heat is on for parent company Swedish Automobile (SWAN) to hash out the many problems and disagreements between GM and the proposed Chinese buyers. And now that it’s fairly obvious that a deal won’t happen, as GM and the Chinese Government seem fairly […]

The post Our Daily Saab: SWAN Examines The Endgame Options appeared first on The Truth About Cars.

]]>
With Saab’s latest MOU with PangDa and Youngman expiring on Tuesday, the heat is on for parent company Swedish Automobile (SWAN) to hash out the many problems and disagreements between GM and the proposed Chinese buyers. And now that it’s fairly obvious that a deal won’t happen, as GM and the Chinese Government seem fairly […]

The post Our Daily Saab: SWAN Examines The Endgame Options appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2011/11/our-daily-saab-swan-examines-the-endgame-options/feed/ 5
Our Daily Saab: Another Day, Another “Rescue” http://www.thetruthaboutcars.com/2011/10/our-daily-saab-another-day-another-rescue/ http://www.thetruthaboutcars.com/2011/10/our-daily-saab-another-day-another-rescue/#comments Thu, 20 Oct 2011 15:10:16 +0000 http://www.thetruthaboutcars.com/?p=415332 With both China’s NRDC and Sweden’s NDO appearing unready to approve the Chinese takeover of Saab before a Halloween bankruptcy deadline, it seemed that Saab was properly borked. Without Vladimir Antonov or Gemini Investment Fund to hit up for yet another “bridge loan,” we fully expected to see Saab placed into bankruptcy a week from […]

The post Our Daily Saab: Another Day, Another “Rescue” appeared first on The Truth About Cars.

]]>
With both China’s NRDC and Sweden’s NDO appearing unready to approve the Chinese takeover of Saab before a Halloween bankruptcy deadline, it seemed that Saab was properly borked. Without Vladimir Antonov or Gemini Investment Fund to hit up for yet another “bridge loan,” we fully expected to see Saab placed into bankruptcy a week from […]

The post Our Daily Saab: Another Day, Another “Rescue” appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2011/10/our-daily-saab-another-day-another-rescue/feed/ 6
Spyker Sold To US Private Equity Firm http://www.thetruthaboutcars.com/2011/09/spyker-sold-to-us-private-equity-firm/ http://www.thetruthaboutcars.com/2011/09/spyker-sold-to-us-private-equity-firm/#comments Wed, 28 Sep 2011 22:21:56 +0000 http://www.thetruthaboutcars.com/?p=412879 Spyker, the high-end sportscar firm formerly run by Saab “savior” Victor Muller, has been sold to North Street Capital, a US-based private equity firm, reports the FT [sub]. According to the FT, North Street said in a draft announcement seen by the Financial Times and due to be released later on Wednesday that “the transaction […]

The post Spyker Sold To US Private Equity Firm appeared first on The Truth About Cars.

]]>
Spyker, the high-end sportscar firm formerly run by Saab “savior” Victor Muller, has been sold to North Street Capital, a US-based private equity firm, reports the FT [sub]. According to the FT, North Street said in a draft announcement seen by the Financial Times and due to be released later on Wednesday that “the transaction […]

The post Spyker Sold To US Private Equity Firm appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2011/09/spyker-sold-to-us-private-equity-firm/feed/ 14
Vladimir Antonov: Screw Spyker, I’m Building A Jensen http://www.thetruthaboutcars.com/2011/09/vladimir-antonov-screw-spyker-im-building-a-jensen/ http://www.thetruthaboutcars.com/2011/09/vladimir-antonov-screw-spyker-im-building-a-jensen/#comments Tue, 20 Sep 2011 14:39:52 +0000 http://www.thetruthaboutcars.com/?p=411870 As the Saab/Spyker/Swedish Automobile mess falls deeper into chaos and hopelessness, Saab’s erstwhile knight-in-shining-armour, Vladimir Antonov has been slowly backing away from the ugly scene. Indeed, his firm CPP Holdings was supposed to buy Swedish Automobile’s Spyker Supercar division, but that deal has been on hold while Swedish Automobile concentrates on keeping Saab alive. And […]

The post Vladimir Antonov: Screw Spyker, I’m Building A Jensen appeared first on The Truth About Cars.

]]>
As the Saab/Spyker/Swedish Automobile mess falls deeper into chaos and hopelessness, Saab’s erstwhile knight-in-shining-armour, Vladimir Antonov has been slowly backing away from the ugly scene. Indeed, his firm CPP Holdings was supposed to buy Swedish Automobile’s Spyker Supercar division, but that deal has been on hold while Swedish Automobile concentrates on keeping Saab alive. And […]

The post Vladimir Antonov: Screw Spyker, I’m Building A Jensen appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2011/09/vladimir-antonov-screw-spyker-im-building-a-jensen/feed/ 13
Saab: Antonov Considers EIB Lawsuit, While Questions Arise Over “Management Services” Money http://www.thetruthaboutcars.com/2011/07/saab-antonov-considers-eib-lawsuit-while-questions-arise-over-management-services-money/ http://www.thetruthaboutcars.com/2011/07/saab-antonov-considers-eib-lawsuit-while-questions-arise-over-management-services-money/#comments Fri, 29 Jul 2011 16:38:47 +0000 http://www.thetruthaboutcars.com/?p=404738 SvD.se reports that would-be Saab rescuer Vladimir Antonov is considering legal action against the European Investment Bank and the Swedish Government, for keeping him out of an ownership stake at the failing Swedish automaker. Says Antonov I have therefore decided to investigate the possibility of taking legal action, including but not limited to claims for […]

The post Saab: Antonov Considers EIB Lawsuit, While Questions Arise Over “Management Services” Money appeared first on The Truth About Cars.

]]>
SvD.se reports that would-be Saab rescuer Vladimir Antonov is considering legal action against the European Investment Bank and the Swedish Government, for keeping him out of an ownership stake at the failing Swedish automaker. Says Antonov I have therefore decided to investigate the possibility of taking legal action, including but not limited to claims for […]

The post Saab: Antonov Considers EIB Lawsuit, While Questions Arise Over “Management Services” Money appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2011/07/saab-antonov-considers-eib-lawsuit-while-questions-arise-over-management-services-money/feed/ 3
Saab Referred To Collections. Bankruptcy Threatened http://www.thetruthaboutcars.com/2011/06/saab-referred-to-collections-bankruptcy-threatened/ http://www.thetruthaboutcars.com/2011/06/saab-referred-to-collections-bankruptcy-threatened/#comments Wed, 15 Jun 2011 18:47:36 +0000 http://www.thetruthaboutcars.com/?p=398836 A group of businesses that are owed anywhere between $198 and $744,083 could force ailing Saab to declare bankruptcy.  They have turned to the Swedish Enforcement Agency, better known (and feared) in Sweden as the “Kronofogden.” That agency introduces itself as follows: “Is there a bill you cannot pay? Or are you not getting paid […]

The post Saab Referred To Collections. Bankruptcy Threatened appeared first on The Truth About Cars.

]]>
A group of businesses that are owed anywhere between $198 and $744,083 could force ailing Saab to declare bankruptcy.  They have turned to the Swedish Enforcement Agency, better known (and feared) in Sweden as the “Kronofogden.” That agency introduces itself as follows: “Is there a bill you cannot pay? Or are you not getting paid […]

The post Saab Referred To Collections. Bankruptcy Threatened appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2011/06/saab-referred-to-collections-bankruptcy-threatened/feed/ 10
Antonov Drops Out Of Saab Real Estate Leaseback, Youngman Deal Doubted http://www.thetruthaboutcars.com/2011/06/antonov-drops-out-of-saab-real-estate-leaseback-youngman-deal-doubted/ http://www.thetruthaboutcars.com/2011/06/antonov-drops-out-of-saab-real-estate-leaseback-youngman-deal-doubted/#comments Tue, 14 Jun 2011 15:25:56 +0000 http://www.thetruthaboutcars.com/?p=398563 Strap on the man-pants, Saab fans, because there’s another heaping load of bad news for the Swedish brand this morning. First off, Saab’s mysterious Russian backer Vladimir Antonov has backed out of a deal in which he was to buy property at Saab’s Trollhättan plant and lease it back to the company, stabilizing its short-term […]

The post Antonov Drops Out Of Saab Real Estate Leaseback, Youngman Deal Doubted appeared first on The Truth About Cars.

]]>
Strap on the man-pants, Saab fans, because there’s another heaping load of bad news for the Swedish brand this morning. First off, Saab’s mysterious Russian backer Vladimir Antonov has backed out of a deal in which he was to buy property at Saab’s Trollhättan plant and lease it back to the company, stabilizing its short-term […]

The post Antonov Drops Out Of Saab Real Estate Leaseback, Youngman Deal Doubted appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2011/06/antonov-drops-out-of-saab-real-estate-leaseback-youngman-deal-doubted/feed/ 7
Pangda Starts NDRC Approval Process. Outcome Doubtful http://www.thetruthaboutcars.com/2011/05/pangda-starts-ndrc-approval-process-outcome-doubtful/ http://www.thetruthaboutcars.com/2011/05/pangda-starts-ndrc-approval-process-outcome-doubtful/#comments Mon, 23 May 2011 13:52:00 +0000 http://www.thetruthaboutcars.com/?p=395867 “There is almost no chance for the government to approve Pangda’s purchase of Spyker’s stake, let alone their plan to set up a new joint venture in China,” so said Zhang Xin, an analyst at Beijing-based Guotai Junan Securities, to Bloomberg. “The deal doesn’t fit in the government’s plan for consolidation.” This came in reaction […]

The post Pangda Starts NDRC Approval Process. Outcome Doubtful appeared first on The Truth About Cars.

]]>
“There is almost no chance for the government to approve Pangda’s purchase of Spyker’s stake, let alone their plan to set up a new joint venture in China,” so said Zhang Xin, an analyst at Beijing-based Guotai Junan Securities, to Bloomberg. “The deal doesn’t fit in the government’s plan for consolidation.” This came in reaction […]

The post Pangda Starts NDRC Approval Process. Outcome Doubtful appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2011/05/pangda-starts-ndrc-approval-process-outcome-doubtful/feed/ 7
Saab Has Enough Money For Muller’s Bonus, But Does It Have Enough To Restart Production? http://www.thetruthaboutcars.com/2011/05/saab-has-enough-money-for-mullers-bonus-but-does-it-have-enough-to-restart-production/ http://www.thetruthaboutcars.com/2011/05/saab-has-enough-money-for-mullers-bonus-but-does-it-have-enough-to-restart-production/#comments Wed, 18 May 2011 16:40:54 +0000 http://www.thetruthaboutcars.com/?p=395332 Saab has received wire transfers of around €30m from both Gemini Investments and the Chinese dealer group PangDa, reports Aftonbladet, and it will be using that money to pay off its supplier debts which could use up most of that cash (Saab’s supplier debts are estimated by DI.se at between two hundred and four hundred […]

The post Saab Has Enough Money For Muller’s Bonus, But Does It Have Enough To Restart Production? appeared first on The Truth About Cars.

]]>
Saab has received wire transfers of around €30m from both Gemini Investments and the Chinese dealer group PangDa, reports Aftonbladet, and it will be using that money to pay off its supplier debts which could use up most of that cash (Saab’s supplier debts are estimated by DI.se at between two hundred and four hundred […]

The post Saab Has Enough Money For Muller’s Bonus, But Does It Have Enough To Restart Production? appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2011/05/saab-has-enough-money-for-mullers-bonus-but-does-it-have-enough-to-restart-production/feed/ 8
Saab-Hawtai Deal Fails: Chinese Consolidation To Blame? http://www.thetruthaboutcars.com/2011/05/saab-hawtai-deal-fails-chinese-consolidation-to-blame/ http://www.thetruthaboutcars.com/2011/05/saab-hawtai-deal-fails-chinese-consolidation-to-blame/#comments Thu, 12 May 2011 15:47:01 +0000 http://www.thetruthaboutcars.com/?p=394709 Saab’s deal with the Chinese automaker Hawtai has failed in a predictable manner, as the struggling Chinese partner apparently didn’t receive government approval for the deal. Saab-Spyker’s announcement of the deal’s collapse explains [via AN [sub]] Since it became clear that Hawtai was not able to obtain all the necessary consents, the parties were forced […]

The post Saab-Hawtai Deal Fails: Chinese Consolidation To Blame? appeared first on The Truth About Cars.

]]>
Saab’s deal with the Chinese automaker Hawtai has failed in a predictable manner, as the struggling Chinese partner apparently didn’t receive government approval for the deal. Saab-Spyker’s announcement of the deal’s collapse explains [via AN [sub]] Since it became clear that Hawtai was not able to obtain all the necessary consents, the parties were forced […]

The post Saab-Hawtai Deal Fails: Chinese Consolidation To Blame? appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2011/05/saab-hawtai-deal-fails-chinese-consolidation-to-blame/feed/ 15
Saab Still Waiting For Rescue Approval, Now Looking To China? http://www.thetruthaboutcars.com/2011/04/saab-still-waiting-for-rescue-approval-now-looking-to-china/ http://www.thetruthaboutcars.com/2011/04/saab-still-waiting-for-rescue-approval-now-looking-to-china/#comments Thu, 21 Apr 2011 14:54:24 +0000 http://www.thetruthaboutcars.com/?p=392326 The Swedish National Debt Office has approved Saab’s deal to sell property to its Russian backer, Vladimir Antonov, but the Swedish firm is still waiting on approval of the deal from the European Investment Bank. Saab’s production operations have been shut down for two weeks, since the automaker began having trouble paying its suppliers. The […]

The post Saab Still Waiting For Rescue Approval, Now Looking To China? appeared first on The Truth About Cars.

]]>
The Swedish National Debt Office has approved Saab’s deal to sell property to its Russian backer, Vladimir Antonov, but the Swedish firm is still waiting on approval of the deal from the European Investment Bank. Saab’s production operations have been shut down for two weeks, since the automaker began having trouble paying its suppliers. The […]

The post Saab Still Waiting For Rescue Approval, Now Looking To China? appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2011/04/saab-still-waiting-for-rescue-approval-now-looking-to-china/feed/ 12
“They Cannot Pay Their Bills.” Saab Stops Production Yet Again http://www.thetruthaboutcars.com/2011/04/%e2%80%9cthey-cannot-pay-their-bills-%e2%80%9d-saab-stop-production-yet-again/ http://www.thetruthaboutcars.com/2011/04/%e2%80%9cthey-cannot-pay-their-bills-%e2%80%9d-saab-stop-production-yet-again/#comments Tue, 05 Apr 2011 17:01:25 +0000 http://www.thetruthaboutcars.com/?p=390085 Yesterday,  Spyker CEO Muller said everything is peachy. Saab “is not on the verge of collapse,” Muller said to a rapt audience of reporters, while, as Reuters snidely remarked, “Saab was presenting new vehicles already shown at the Geneva auto show.” Muller promised that “a small glitch does not change the fact that cars are […]

The post “They Cannot Pay Their Bills.” Saab Stops Production Yet Again appeared first on The Truth About Cars.

]]>
Yesterday,  Spyker CEO Muller said everything is peachy. Saab “is not on the verge of collapse,” Muller said to a rapt audience of reporters, while, as Reuters snidely remarked, “Saab was presenting new vehicles already shown at the Geneva auto show.” Muller promised that “a small glitch does not change the fact that cars are […]

The post “They Cannot Pay Their Bills.” Saab Stops Production Yet Again appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2011/04/%e2%80%9cthey-cannot-pay-their-bills-%e2%80%9d-saab-stop-production-yet-again/feed/ 11
Saab In Trouble Over Unpaid Bills http://www.thetruthaboutcars.com/2011/03/saab-in-trouble-over-unpaid-bills/ http://www.thetruthaboutcars.com/2011/03/saab-in-trouble-over-unpaid-bills/#comments Wed, 30 Mar 2011 22:20:09 +0000 http://www.thetruthaboutcars.com/?p=389224 While other manufacturers have problems getting parts, Saab has problems getting parts. But for different reasons. “Production at Saab stopped for a second day on Wednesday as the money-losing automaker faces payment problems with its suppliers,” reports Automotive News [sub]. They add that Saab said it will start production again on Thursday, after money problems […]

The post Saab In Trouble Over Unpaid Bills appeared first on The Truth About Cars.

]]>
While other manufacturers have problems getting parts, Saab has problems getting parts. But for different reasons. “Production at Saab stopped for a second day on Wednesday as the money-losing automaker faces payment problems with its suppliers,” reports Automotive News [sub]. They add that Saab said it will start production again on Thursday, after money problems […]

The post Saab In Trouble Over Unpaid Bills appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2011/03/saab-in-trouble-over-unpaid-bills/feed/ 18
Spyker And Saab In Deep Trouble http://www.thetruthaboutcars.com/2010/08/spyker-in-deep-trouble/ http://www.thetruthaboutcars.com/2010/08/spyker-in-deep-trouble/#comments Thu, 26 Aug 2010 15:42:07 +0000 http://www.thetruthaboutcars.com/?p=363920 When Spyker bought Saab from GM, they bit off too much than they can chew.  Spyker is upside down, under water, or whatever you call it when you have negative equity. They just announced that their debt exceeds their capital. And it looks like they have been dipped by GM: “The negative equity is due […]

The post Spyker And Saab In Deep Trouble appeared first on The Truth About Cars.

]]>
When Spyker bought Saab from GM, they bit off too much than they can chew.  Spyker is upside down, under water, or whatever you call it when you have negative equity. They just announced that their debt exceeds their capital. And it looks like they have been dipped by GM: “The negative equity is due […]

The post Spyker And Saab In Deep Trouble appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2010/08/spyker-in-deep-trouble/feed/ 28
SAAB Needs Help. From BMW http://www.thetruthaboutcars.com/2010/06/saab-needs-help-from-bmw/ http://www.thetruthaboutcars.com/2010/06/saab-needs-help-from-bmw/#comments Fri, 11 Jun 2010 16:23:32 +0000 http://www.thetruthaboutcars.com/?p=358701 Spyker, proud new owner of SAAB, is overwhelmed. Victor Muller is looking at what’s on his plate and is having an anxiety attack. “How will I ever get that done?” (And with what money?) Spyker needs serious help. That’s why Spyker is talking to BMW. The Bavarians are supposed to assist Saab with the development […]

The post SAAB Needs Help. From BMW appeared first on The Truth About Cars.

]]>
Spyker, proud new owner of SAAB, is overwhelmed. Victor Muller is looking at what’s on his plate and is having an anxiety attack. “How will I ever get that done?” (And with what money?) Spyker needs serious help. That’s why Spyker is talking to BMW. The Bavarians are supposed to assist Saab with the development […]

The post SAAB Needs Help. From BMW appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2010/06/saab-needs-help-from-bmw/feed/ 15
Nostalgia Is So Yesterday: Saab Plans New Old 92 http://www.thetruthaboutcars.com/2010/05/nostalgia-is-so-yesterday-saab-plans-new-old-92/ http://www.thetruthaboutcars.com/2010/05/nostalgia-is-so-yesterday-saab-plans-new-old-92/#comments Sat, 29 May 2010 15:09:28 +0000 http://www.thetruthaboutcars.com/?p=357576 The PT Cruiser lit the world on fire … then it fizzled.  The new Beetle put a bug under many people’s bonnet – now it’s marked for extinction. That doesn’t deter Saab’s new owner Victor Muller of Spyker to think about a re-make of the legendary teardrop-shaped Saab 92 that was in production from 1949 […]

The post Nostalgia Is So Yesterday: Saab Plans New Old 92 appeared first on The Truth About Cars.

]]>
The PT Cruiser lit the world on fire … then it fizzled.  The new Beetle put a bug under many people’s bonnet – now it’s marked for extinction. That doesn’t deter Saab’s new owner Victor Muller of Spyker to think about a re-make of the legendary teardrop-shaped Saab 92 that was in production from 1949 […]

The post Nostalgia Is So Yesterday: Saab Plans New Old 92 appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2010/05/nostalgia-is-so-yesterday-saab-plans-new-old-92/feed/ 19
Saab-Spyker Is A Hot Mess http://www.thetruthaboutcars.com/2010/04/saab-spyker-is-a-hot-mess/ http://www.thetruthaboutcars.com/2010/04/saab-spyker-is-a-hot-mess/#comments Fri, 09 Apr 2010 19:06:58 +0000 http://www.thetruthaboutcars.com/?p=351924 Where to start with Saab-Spyker CEO Victor Muller’s plans for world domination? Why not with the craziest part? Despite declining sales, the boutique supercar arm of Saab-Spyker claims to be developing a “Super Sport Utility Vehicle” in the mold of the D12 Peking-To-Paris showcar. Autoinformatief.com caused quite a stir when it revealed images of both […]

The post Saab-Spyker Is A Hot Mess appeared first on The Truth About Cars.

]]>
Where to start with Saab-Spyker CEO Victor Muller’s plans for world domination? Why not with the craziest part? Despite declining sales, the boutique supercar arm of Saab-Spyker claims to be developing a “Super Sport Utility Vehicle” in the mold of the D12 Peking-To-Paris showcar. Autoinformatief.com caused quite a stir when it revealed images of both […]

The post Saab-Spyker Is A Hot Mess appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2010/04/saab-spyker-is-a-hot-mess/feed/ 22
Nasty Securities Laws Make Spyker’s Muller Use The Cyprus Connection http://www.thetruthaboutcars.com/2010/03/nasty-securities-laws-make-spyker%e2%80%99s-muller-use-the-cyprus-connection/ http://www.thetruthaboutcars.com/2010/03/nasty-securities-laws-make-spyker%e2%80%99s-muller-use-the-cyprus-connection/#comments Thu, 25 Mar 2010 13:05:57 +0000 http://www.thetruthaboutcars.com/?p=350354 Ah, the tangled web of automotive high finance. Victor Muller, CEO and largest shareholder of Dutch automaker Spyker Cars said “oops” (or Dutch words to that effect) and reduced his voting interest is Spyker from 34.3 percent to 26.8 percent. Why? It just dawned on Muller (or his CPAs) that with more than 30 percent […]

The post Nasty Securities Laws Make Spyker’s Muller Use The Cyprus Connection appeared first on The Truth About Cars.

]]>
Ah, the tangled web of automotive high finance. Victor Muller, CEO and largest shareholder of Dutch automaker Spyker Cars said “oops” (or Dutch words to that effect) and reduced his voting interest is Spyker from 34.3 percent to 26.8 percent. Why? It just dawned on Muller (or his CPAs) that with more than 30 percent […]

The post Nasty Securities Laws Make Spyker’s Muller Use The Cyprus Connection appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2010/03/nasty-securities-laws-make-spyker%e2%80%99s-muller-use-the-cyprus-connection/feed/ 1