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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.

More details after the jump!

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