Saab secures $545 million loan
In a surprising bit of news, Saab, which was recently taken over by Spyker, has secured a 400 million-euro ($546 million) loan, guaranteed by the EU, and there has been found adequate guarantee and collateral for it. This is a huge win for Saab, and even more so for the new owner, Spyker, which plans to turn the ship around on the struggling Swedish automaker.