Spyker Announces NA Headquarters
No sooner had the Saab sale to Spyker been finalized, the new owners announced plans to make their North American headquarters in Royal Oak Michigan. This provides yet another example of the global automotive industry recognizing the value of locating key personnel and facilities in the North America and more specifically, in the Great Lakes Region. The new technologies needed by the global automotive industry, will continue to emanate--in a substantial way--from this region of the globe. This once again confirms the value this region offers to the global industry. We expect to see many more such investments in the months and years ahead in the Great Lakes region.
The article below is from the Wall Street Journal Online, from March 16, 2010.
The article below is from the Wall Street Journal Online, from March 16, 2010.
Spyker Wins Tax Credit For Saab HQ In Michigan
By Jeff Bennett
Of DOW JONES NEWSWIRES
DETROIT (Dow Jones)--Spyker Cars NV (SPYKF, SPYKR.AE) won $1.2 million worth of Michigan tax credits, clearing the way for the company to locate its Saab Cars North America headquarters in a Detroit suburb.
The Michigan Economic Growth Authority granted the credits, which run over five years, during a meeting in Lansing on Tuesday. Spyker had asked for the financial support in exchange for moving Saab's headquarters to Royal Oak.
Mike Colleran, Saab's chief operating officer, plans to move employees into the new site by the end of the month. Saab's current offices are located near General Motors Co. in downtown Detroit.
Spyker, which bought Saab from General Motors Co. for $74 million in January, plans to initially employ about 60 people, although that number could more than double within the next four years. The average weekly wage will be $1,693.
Saab and Spyker will act as one company with Saab headquartered in the U.S. and Spyker retaining its current home in Zeewolde, the Netherlands.
A new auto maker headquarters would be a much needed boost for Michigan's image and economy, which has been rocked as auto makers and suppliers have trimmed their work forces amid the economic slowdown. Spyker plans to invest $2.4 million in the site.
Most auto makers and suppliers have attempted to keep a presence in Michigan, which is traditionally seen as the heart of the auto industry. GM has its headquarters in downtown Detroit, while Ford Motor Co. (F) is located in Dearborn, Mich., and Chrysler Group LLC's home is in Auburn Hills, Mich.
Saab will manage its advertising, sales, and dealership development from the location, according to its proposal filed with the growth agency. Future operations could include distribution for Canada and Mexico and an onsite call center operation.
The state had scheduled a similar tax incentive meeting for Saab late last year. That was canceled after potential buyer Koenigsegg Group AB withdrew its bid to buy Saab.
-By Jeff Bennett, Dow Jones Newswires; This e-mail address is being protected from spambots. You need JavaScript enabled to view it ; 248-204-5542
>Back to News
By Jeff Bennett
Of DOW JONES NEWSWIRES
DETROIT (Dow Jones)--Spyker Cars NV (SPYKF, SPYKR.AE) won $1.2 million worth of Michigan tax credits, clearing the way for the company to locate its Saab Cars North America headquarters in a Detroit suburb.
The Michigan Economic Growth Authority granted the credits, which run over five years, during a meeting in Lansing on Tuesday. Spyker had asked for the financial support in exchange for moving Saab's headquarters to Royal Oak.
Mike Colleran, Saab's chief operating officer, plans to move employees into the new site by the end of the month. Saab's current offices are located near General Motors Co. in downtown Detroit.
Spyker, which bought Saab from General Motors Co. for $74 million in January, plans to initially employ about 60 people, although that number could more than double within the next four years. The average weekly wage will be $1,693.
Saab and Spyker will act as one company with Saab headquartered in the U.S. and Spyker retaining its current home in Zeewolde, the Netherlands.
A new auto maker headquarters would be a much needed boost for Michigan's image and economy, which has been rocked as auto makers and suppliers have trimmed their work forces amid the economic slowdown. Spyker plans to invest $2.4 million in the site.
Most auto makers and suppliers have attempted to keep a presence in Michigan, which is traditionally seen as the heart of the auto industry. GM has its headquarters in downtown Detroit, while Ford Motor Co. (F) is located in Dearborn, Mich., and Chrysler Group LLC's home is in Auburn Hills, Mich.
Saab will manage its advertising, sales, and dealership development from the location, according to its proposal filed with the growth agency. Future operations could include distribution for Canada and Mexico and an onsite call center operation.
The state had scheduled a similar tax incentive meeting for Saab late last year. That was canceled after potential buyer Koenigsegg Group AB withdrew its bid to buy Saab.
-By Jeff Bennett, Dow Jones Newswires; This e-mail address is being protected from spambots. You need JavaScript enabled to view it ; 248-204-5542
>Back to News
