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Swedish Automobile retains Spyker

Monday, 05 March 2012
Dutch company which owned Saab automobile which has just gone bankrupts, Swedish Automobile (Swan) in reported to retains Spyker cars as a wholly owned subsidiary.

This comes after it was earlier announced that there were plans to sell the Spyker so as to focus all financial power on Saab Automobile. That did not work as Saab became obsolete after the car manufacturer went into bankruptcy.

Now Spyker sports car business has regained all the attention it deserves and the business seems to resume as it is also proposed that the name Swedish Automobile will be changed back to Spyker NV, according to press release from Swan.
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