General Motors said Tuesday that it had struck a preliminary deal to sell Saab to Spyker Cars, a tiny Dutch maker of high-end sports cars, saving the Swedish automaker from what seemed like certain extinction after previous bids for it collapsed.
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Even so, taking over Saab will be a huge leap for tiny Spyker, which sells 30 to 50 made-to-order cars a year for about a quarter-million dollars each. In 2008, Saab produced more than 90,000 cars. Saab has 3,400 workers, mainly in Trollhattan, while Spyker has just 110.