General Motors agrees to sell Saab to Dutch carmaker Spyker
Posted January 26, 2010 1:25 pm.
This article is more than 5 years old.
General Motors said it has agreed to sell its Saab division to Dutch carmaker Spyker.
GM has not specified terms of the deal, but a Wall Street Journal report citing anonymous sources said the sale price is roughly $74-million (U.S.).
The sale of Saab is part of the Detroit-based automaker’s restructuring plan as it tries to recover from last year’s short stay under U.S. bankruptcy protection.
GM wants to focus on four core brands: Buick, Chevrolet, GMC and Cadillac.
