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Spyker still lacks money for Saab takeover

Spyker boss missing around 18 million euros
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S pyker boss Victor Muller told the newspaper 'Svenska Dagbladet' (Stockholm) goes on to say that he 'still has a lot of time' to raise the missing money by July 15th.

No information on the investor

Sweden's Minister of Economic Affairs Maud Olofsson did not want to comment on the new information. Muller himself said that the takeover could still fail if the European Investment Bank (EIB) say no to urgently needed loans.

Spyker and General Motors (GM) agreed to take over the Swedish manufacturer at the end of January almost 3,500 employees agreed. Muller refused to provide information about the financiers of the purchase in the interview. He also did not want to comment on media reports, according to which the Russian financial group Antonov as Spyker co-owner at the insistence of the US Federal Police FBI because of Mafia contacts from any involvement in the Saab takeover had been excluded. Olofsson confirmed that both the Stockholm government and GM itself had classified Antonov's stake as 'difficult' for the takeover.

Saab has almost consistently produced losses as a GM subsidiary over the past 20 years. In 2009 the number of cars built fell to 20,000 from almost 100,000 previously. Spyker itself produces exclusive sports cars in extremely low numbers.


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