Spyker set to announce Saab buy, Swedish TV says

ERJ staff report (AN)

Stockholm (Reuters) — Spyker Cars NV is set to announce the purchase of Saab from General Motors Co., and the Swedish government has agreed to guarantee loans for the deal from the European Investment Bank, Swedish television reported today.

General Motors Co. chairman Ed Whitacre has called a press conference for 11:30 a.m. EST in Detroit to discuss “business activities.” He is expected to confirm the deal then.

Sverige Television said the deal was finally done following approval of a key €400 million ($556.2…

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