FROM THE WALL STRET JOURNAL: General Motors Co. ended weeks of uncertainty about its Saab division on Tuesday, announcing a deal to sell the Swedish auto company to tiny Dutch sports car maker Spyker Cars NV.
Spyker, which makes only a few dozen cars a year, agreed to pay GM at least $74 million in cash, according to people familiar with the matter, while the European Investment Bank will provide a €400 million ($566 million) loan guaranteed by the Swedish government.
As part of the deal, GM would retain redeemable shares of $326 million in Saab, a person familiar with the terms said. MORE»
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