Spyker nails Saab
"Saab Automobiles now has to learn to fly on its own," asserts Dagens Nyheter. The Swedish carmaker has just been sold by America's General Motors to the Dutch company, Spyker Cars, for the modest sum of 52 million euros (plus 231.5 million euros in preferential shares). Although the company, which employs 3,400 people worldwide, was placed in receivership on January 8th, its CEO, Jan-Åke Jonsson, is now predicting that sales will return to profit by 2012. Founded in 2003, Spyker produces 40 luxury sports cars par year (Saab sold 93,000 units in 2008), and it has experienced "scandals, poor turnover and conflicts between board members," explains Dutch daily, Trouw. At the same time the European Commission is going to study the 400-million-euro loan requested of the European Investment Bank by Saab, for which the Swedish government provided guarantees. De Volkskrant cautions that it is not yet a done deal and that "should Saab-Spyker not make it, the tab will have to be picked up by the Swedish taxpayer."
Two camps, two theories, and two visions of France: 18 years after the massacre of 800,000 Tutsis, the precise role played by Paris is still the subject of heated debate, fueled by the findings of successive criminal investigations.
Agree to new austerity measures or risk being kicked out of the eurozone: that’s the alternative presented to Athens on the day the euro group is meeting. It’s a situation Greek politicians have failed to avoid, regrets To Vima.
At a time when Athens is still involved in debt restructuring negotiations with its private creditors, Neelie Kroes’ recent allusions to a Greek exit from the euro are a sign that European leaders are intent on preparing the terrain for such an eventuality.