Saab renovation: Sweden can support Saab

8 2.8 percent of the guarantee met the requirements of the state aid rules, which were temporarily relaxed due to the economic crisis.

Saab Will pay appropriate remuneration for the guarantee and provide sufficient securities, it said. The remaining 17.2 percent of the guarantee would be granted on market terms and would therefore not be state aid.

Saab business plan is to be financed

The EIB loan is to be used, according to the Commission, to help finance Saab's business plan after its sale by current owner General Motors to the Dutch car manufacturer Spyker Cars. According to the business plan, the 400 million euros will be used for an investment project worth 1 billion euros, which will, among other things, enable a reduction in fuel consumption and an increase in vehicle safety.