Saab lives! Spyker signs a deal to buy the Swedish carmaker.

Saab, it must be said, has more lives than a dozen cats. General Motors said today that it reached a deal with Spyker Cars NV to sell the Swedish carmaker. The deal is reportedly worth about $500 million. The sale comes after a year of trying to peddle Saab. One deal with Swedish sport car specialist Koenigsegg AB had already fallen through. GM was so certain that a buyer wouldn’t be found that they even sent two advisors in to start liquidating the company. Assuming the sale closes, the company will be called Saab Spyker Automobiles but will still use the Saab brand.

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