IMPORTANT NEWS: National Electric Vehicle Sweden has agreed to buy the assets of Saab Automobile and the sale is expected to be finalized during the summer.

Monday, May 21, 2012

Spyker might still hold license to the Saab 9-5

Swedish newspaper Svenska Dagbladet today has very interesting article about a possible Spyker come back in the Saab deal.

Spyker has apparently hired the law firm Hökerberg & Söderqvist to look through all the deals Spyker made with GM back in 2010 when Spyker took ownership of Saab. And now the lawyers have concluded that Spyker might still hold the license to produce the new Saab 9-5.

"I can not go into the specifics, but it could be that the company has a contract that says that it can not transfer this deal over to anyone else - but then one could instead turn to subcontracting - without coming in breach of the contract," said lawyer Lars Söderqvist to SvD.

This could turn out to be very important in the Saab deal as a possible new owner of Saab could produce the Saab 9-5 as a subcontractor for Spyker. But it could also result in GM buying back the license from Spyker to prevent future use of the license.