The sale of Saab by General Motors to Spyker Cars could be completed this week, Bloomberg News reported, citing two executives involved with the deal.

Spyker officials were said to have met with GM lawyers in Stockholm yesterday. The proposed sale cleared its final regulatory hurdle earlier this month when the European Investment Bank approved a EUR400m (US$544m) loan.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

A Spyker spokesman indicated a deal could be finalised as early as today.

GM has previously said it wants to complete the deal by the end of the month. It is disposing of the Saab, Hummer, Pontiac and Saturn units to cut its brands to four from eight, keeping Chevrolet, Buick, GMC and Cadillac, mostly for its home market.

Spyker agreed on 26 January to buy Saab from GM for $74m in cash and $326m in preferred shares in the new company and other considerations.

Just Auto Excellence Awards - Nominations Closed

Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Continental has secured the Window Displays Innovation Award in the 2025 Just Auto Excellence Awards for its Window Projection solution, transforming side windows into dynamic, data-rich canvases. Discover how this compact projection technology and intelligent software are reshaping in-car UX and opening fresh revenue streams for OEMs and mobility providers.

Discover the Impact