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January 27, 2010 (Bloomberg) --

General Motors Co., by reaching a $500 million deal yesterday to sell its Saab division to Spyker Cars NV, has moved closer to fulfilling Chief Executive Officer Ed Whitacre’s pledge to pay back government loans by June.




GM Seals Saab Deal, Advances Pledge of Loan Payback
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Saab may become the first brand GM sells since emerging from a U.S.-backed bankruptcy on July 10. Arrangements to sell its Opel and Saturn units fell through, as did earlier negotiations over the Swedish brand.
Swedish Prestige
                servicing your saab



Swedish Prestige is an independent SAAB & VOLVO Service Centre here in Melbourne, Victoria, that prides its self on its genuine commitment to the service and repair of SAAB & VOLVO motor vehicles, and also is

Australia's no #1: independent saab & volvo service and repair centre.

Our staff knowledge and experience derives from the fact that we solely work on SAAB & VOLVO and no other make of vehicle, resulting in superior expertise and greater quality of workmanship.

click here to get your saab serviced