Antonov Still Wants In on Saab-Spyker Deal

The sale of Saab to Spyker has been officially been approved by GM thanks for Spyker following certain stipulations, some of which were a bit odd. Case in point, the reported request that chairman Vladamir Antonov be removed from Spyker.

It was originally thought that this request was made so that GM technology wouldn’t fall into Russian hands, but the true nature of the request was due to Antonov’s alleged ties to the Russian mafia.

Antonov agreed to step down, but he is now speaking out as to the reasons surrounding his role in the deal. And he still wants to be a part of it.

Could this cause enough friction to make the deal fall apart?

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Spyker’s Ties to Russian Mafia Prevented Original Saab Deal?

By now you’ve already heard about Saab being saved from certain demise thanks to Dutch supercar company, Spyker.

Spyker originally was rejected on its first bid but won the Swedish brand thanks to a revamped second bid that addressed some of GM’s concerns.

As a part of the new deal, GM made the odd request that Spyker Chairman Vladamir Antonov be removed from the company. Since Antonov is clearly Russian, it was speculated that this request was made so that GM technology wouldn’t fall into Russian hands (apparently there’s still some bad blood between America and Russia…who knew?)

As a result Antonov was asked to step down, and voila – Spyker got themselves a premium car brand for $75 million.

But new reports are surfacing as the the ‘real’ reason for Antonov’s removal. Find out more after the jump.

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Saab Escapes Death Courtesy of Spyker Motors

After a torturous few months of indecision, GM has reportedly reached an agreement to sell Saab’s auto division to Dutch supercar company Spyker.

The deal reportedly gives GM $74 million up front, while it pockets $326 million in preferred shares from Saab’s new parent company. Also rumoured to be part of the deal is a guarantee that the Swedish government (who fought intently to keep the country’s second biggest car company afloat) is able to secure a 400 million euro loan.

Perhaps one of GM’s oddest requests in order to seal the deal was the insistence of removal of Spyker’s Chairman, Vladamir Antonov. Antonov is of Russian decent (his name really gives it away, doesn’t it?) and GM is quite adamant that their technology be kept out of the Russians proverbial hands. This was reportedly a condition in the now dead Opel-Magna deal as well. American pride is great, isn’t it? In any event, Antonov has agreed to step down in order for the deal to carry through.

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