On January 26^th, General Motors announced that Dutch sports car manufacturer Spyker Cars had agreed to buy the Saab brand.

Spyker paid GM $74 million in cash. GM retained $326 million in preferential shares.

According to the Wall Street Journal, Saab at the time of sale had total assets, including plants and technology, totalling around 1 billion euros, and debts of 528 million euros.

The European Investment Bank is expected to loan Saab Spyker Automobiles 400 million euros, guaranteed by the Swedish government.

Abu Dhabi's state-owned Mubadala Development Corp. holds a 17% stake in Spyker.