The deal is still subject to a European Commission approval of a €400 million loan from the European Investment Bank, but GM expects that the sale will be completed in mid-February.
Shortly after the two companies agreed on the terms of the sale, GM's European unit released a video with interviews with Jan Åke Jonsson, CEO of Saab Automobile and Victor Muller, CEO of Spyker Cars.
The two men talk about the deal and their hopes for the future of Saab. Watch it after the jump.
Saab has dropped an official promotional video of its 2009 Frankfurt Motor Show star, the all-new 9-5 sedan that will be heading our way sometime in early 2010. You can check it out after the break along with a second video that contains a short interview with Saab's managing director Jan Ake Jonsson. The latter talks about the firm's newest creation as well as the latest developments in the company and in particular about Beijing Automotive's interest in buying a minority stake in the firm that has agreed to buy Saab from GM, Swedish sports car maker Koenigsegg Group.
Seems like Saab has notched up a bit the development of the 2010 9-5 Sedan as we're seeing more and more prototype models making their appearance on public roads. In this video we see a whole parade of 9-5 Sedans camouflaged in the usual checkered theme. We're not entirely sure, but due to the number of people and vehicles seen in the film, it may be that this convoy of 9-5s was some sort presentation to selected journalists.Saab's replacement for the ageing 9-5 saloon is heavily based on the Opel Insignia with which it shares the same platform and engine range. Unless Saab decides to surprise us, the new 9-5 will make its world debut at the Frankfurt Auto Show this autumn.
Saab is joining Audi, Subaru and Volvo in the high-riding station wagon segment with the presentation of the new 9-3X Crossover that will be officially unveiled at the Geneva Motor Show. We have already posted all the initial details and photos of the 9-3X, so unless you missed out - if that's the case, then click here, we'll let you follow the jump to watch the first official video of the car that was filmed somewhere in Southern Sweden.
Revealed ahead of its Paris show debut, the 9-X Air concept previews Saab's upcoming 9-1 premium hatch that will rival the likes of the Audi A3, BMW 1-Series and Volvo C30. Equipped with a fabric top that automatically folds in three sections behind the rear seats, the 9-X Air is powered by a 200 HP 1.4-liter turbocharged engine that runs on E85 biofuel and is matted to a hybrid electric motor. Hit the jump to check out the first official video of the 9-X Air that includes an interview with GM Europe’s Vice President of Design, Mark Adams or click here for more details and a high-res image gallery. -Continued
Not even 24 hours before the Geneva Motor Show opens up its gates, Saab gave journalists an exclusive preview of its 9-X BioHybrid Concept (pics and details here) that foretells the upcoming 9-1 premium hatch. The concept is equipped with a 200hp1.4-liter BioPower turbo engine that can run on bioethanol E85 fuel. With a solar cell panel on its roof, the 3-door sporty hatch also runs on energy extracted from sun and used to charge the hybrid’s battery pack both when the vehicle is in motion and when it is stationary. –Video after the jump