Swedish Automobile to become Spyker once more

Spyker-C8-Aileron_i01 In the most excruciating press release in automotive history, Swedish Automobile announced that, provided its shareholders say OK on April 17, it will as of April 18 become “Spyker.” At least, we think that’s what it said.

“Assuming that the decision of the extraordinary general meeting of shareholders shall be obtained on 17 April 2012, Swedish Automobile N.V. shall have its articles of association amended on 18 April 2012. The amendment includes a change of name into Spyker N.V. Per 18 April 2012, the company shall be listed as Spyker N.V. Its ISIN code changes to NL0010125050, its ticker symbol to SPYKR.”

The Dutch-based car maker Spyker in 2010 acquired Swede Saab, then in 2011 sold its sports car division to a holding company and changed its name to Swedish Automobile N.V., in the midst of a lot of convoluted international take-over stuff where the family of a major shareholder was reputed to have connections to the Russian mafia.

But hey, at least we know the company changed its name and is now changing it back again. That much is clear. Sort of.

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