Further details on the future of Saab provided by Spyker

Today Spyker has released further information about the Dutch brand plans for Saab, after the buying process of the Swedish carmaker from General Motors is finished.

The Dutch supercar maker wishes to rebuild Saab's global reputation, repositioning the brand as "an independent performance-oriented niche car company with an industry-leading environmental strategy."

One of the first steps to be taken will be to rename the company. Spyker wants to swap the current Spyker Cars N.V. for Saab Spyker Automobiles NV ("Saab Spyker"). Although the two manufacturers will gather under the same name, Spyker certifies that the two brands will act as separate operating companies, each focused on its distinct target markets with their respective vehicle lines.

Saab Spyker will be committed to execute the Saab Business Plan with Spyker going forward with their exotic lineup and Saab developing "three to four model lines." This plan includes the launch of all new:

9-5 – Sedan, sports estate and X models in the summer of 2010

9-4X – for both the U.S. and European markets in early 2011

9-3 – All-new sedan, hatchback, sports estate, X and convertible models in 2012

9-1 – a fourth, smaller car line that being given the green light would still require more funding.

Spyker’s sales predictions go up to 100,000 to 125,000 Saabs a year with production continuing in Trollhättan.

As for the funding, the project requires approximately 1 billion dollars, which will be provided by GM, through 326 million dollars Redeemable Preference Shares and, apart from cash at bank, by the European Investment Bank, with a loan of 400 million euros.