Re: Lets sober up here................. - Saab General Bulletin Board - Saabnet.com
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Re: Lets sober up here.................
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Posted by David G. Mills [Email] (more from David G. Mills) on Wed, 27 Jan 2010 20:43:27 Share Post by Email
In Reply to: Lets sober up here................., andym, Wed, 27 Jan 2010 18:21:34
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I don't know where you are getting the $75 million from.

Spyker paid GM $75 million in cash and then gave GM $325 million in preferred stock, which is essentially a loan from GM to Spyker, for $325 million. In essence Spyker paid GM $400 million for Saab and GM is fianncing $325 million of it.

Spyker got a European Investment Bank loan for another $400 - 500 million for future operations and product development.

So with this financing from the European Investment Bank, they should be OK.

But I am concerned that Saab will price itself out of the US market if our dollar continues to fall. But that also will be hell on all of the other European and Japanese brands.

posted by 75.65.91...


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