The drama continues.
Swedish Automobile, the holding company that owns Saab and Spyker cars, has agreed to sell Spyker to an American private equity firm.
North Street Capital has bought Dutch specialty automaker Spyker for an undisclosed amount, according a report by the Financial Times.
But Swedish Automobile, formerly Spyker Cars, has initially agreed to sell the Spyker brand to U.K. company CPP Global Holdings, owned by Russian businessman Vladimir Antonov. The deal was for a selling price of €15 million.
That deal fell through back in August.
Swedish Automobile is in desperate need of cash to keep operations at its Saab division going.