25 Apr '11, 9am

Spyker says EIB sent Saab draft deal on financing ~gk

Spyker says EIB sent Saab draft deal on financing ~gk

'They have sent us a draft, but we do not want to go into the public domain and will not make any comment until this is sorted,' Spyker Cars chief executive Victor Muller said. -- PHOTO: AFP AMSTERDAM - DUTCH luxury car maker Spyker Cars said the European Investment Bank has sent Saab a draft outline of a deal aimed at giving the Swedish car maker a cash lifeline. 'They have sent us a draft, but we do not want to go into the public domain and will not make any comment until this is sorted,' Spyker Cars chief executive Victor Muller told Reuters. 'It seems like this is being fought out in the public domain.' He declined to say when talks between the EIB and Saab will take place again. Production at Saab has been halted for more than two weeks after it failed to pay suppliers' bills due to a cash crunch. A Saab spokesman said on Saturday it was uncertain when it would be abl...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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