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(Reporting by Joe Rauch and Rachelle Younglai; Additional reporting by Jonathan Stempel in New York; Editing by Gerald E. McCormick Cheap Jersey , Andre Grenon and Steve Orlofsky)
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Tiny Dutch auto group Spyker clinched a last-minute deal on Tuesday to buy Sweden's Saab from General Motors Co in an audacious attempt to turn around a money-losing brand that only days ago was headed for oblivion.
Spyker, a company that was liquidated in the 1920s only to be reborn as a high-end sports car maker in 2000, said it would pay GM $74 million in cash and $326 million in deferred shares for Saab.
GM -- which had paid $600 million in 1989 dollars for just the first half of its purchase of Saab -- said it expects the sale to close in mid-February and suspended its actions to wind down Saab pending completion of the sale to Spyker.
The sale of Saab would be a victory for GM after struggles to complete other planned brand sales. GM is shutting Saturn after a deal to sell that brand collapsed and a proposed sale of its Hummer brand remains pending.
In Europe, GM had planned to sell a controlling stake in its Opel brand Cheap Jersey , but reversed course and opted to retain it.
Saab, which has a devoted following among auto enthusiasts taken with its distinctive, quirky style, has failed to make money for much of the past two decades as GM was unable to find a global audience for the cars.
But GM grew wary of selling Saab and its new designs for fear of giving a potential rival a technological edge.
The David-and-Goliath aspect of the deal was not lost on Victor Muller, a 50-year-old former fashion executive who engineered Spyker's revival as its chief executive.
"Under normal circumstances, probably Saab would have been buying Spykerchristian louboutin bianca A day before signing the deal," an exhausted Muller told a news conference in Stoc

23 years old and two years old when Grandma Rui Fuka grandson Yiang photo.

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( Editor : SN020)