On 26 January 2010, General Motors(GM) confirmed that Spyker and GM had come to an agreement allowing Spyker to purchase Saab, subject to regulatory and government approval; the sale was completed on February 23, 2010.
General Motors will continue to supply Saab with engines, transmissions and also completed vehicles in the shape of the new Saab 9-4x from GM's Mexican factory. The deal includes a loan from the European Investment Bank, guaranteed by the Swedish government. It comprises $74m in cash up front, payable to GM by July 2010, and shares in Spyker to the tune of $320m (US).