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General Motors: successful selling Saab to sell Hummer or blow





Kenilworth (press photographer vision) universal said yesterday that the future Saab and Spyker two brands in Spyker car companies operate under the leadership of the Spyker cars company will assume responsibility for the operation of the Saab brand. Previously announced that Saab brand plan of closure has been canceled.

For owners of mainland China, the General said that the Chinese region of Saab customers will be able to according to post-sales warranty policy and Chinese related laws and regulations continue to receive the repair, maintenance, spare parts, claims and other aspects of service and security.

Saab still in Shanghai general channel sales, Spyker didn't announce how to adjust the sales business in China.

It is understood that this transaction involves 4 billion, Spyker paid to General Motors at 7400 million in cash, plus 3.26 billion to redeemable shares retained by the universal form.

Compared with Saab, sale of Hummer prospects. It is reported that GM to sell Hummer to Chinese enterprises trading has no chance. If the Hummer final cannot be sold to soar in heavy industry, because no other buyers, this legendary car brand will completely terminated.

Trading deadline at the end of the month

Media quoted close transactions disclosed, Sichuan goldtel group in heavy industry could not get the Chinese regulatory agencies to purchase Hummer brand of approval and, therefore, has not established plans to complete the acquisition at the beginning of this year. Hummer trading deadline was scheduled at the end of this month. However the competent Chinese enterprises overseas acquisition of China Ministry of Commerce has been reiterated that no received free of acquisitions in the heavy industry.

[Edit: benlai]