The new car in town comes in form of Saab with its latest Spyker.

The all new Saab 9-5 has come in the markets and the next move speaks is the release of the 9-4X crossover at the L. A. Auto Show in November.

At the time when Spyker Cars purchased Saab from GM, almost everyone knew what the ongoing plan was then.

General Motors (GM) Tuesday finalized a $500 million sales deal with the Netherlands-based Spyker Cars NV for its Saab division; thereby moving step closer to the fulfillment of the CEO Ed Whitacre’s assurance that the company would pay back the US and Canadian taxpayers by June this year.

Dutch luxury car manufacturer, Spyker, based in Netherlands, is currently in talks with General Motors over purchase of Sweden based Saab Automobile, merely weeks after the local Koenigsegg decided to drop its bid.

There appear to be financial troubles galore for General Motors' in Europe - on one hand, the automaker's Sweden-based Saab brand has filed for bankruptcy protection, and on the other, GM's Germany-based Opel unit is seeking additional emergency state assistance.

Stockholm - US carmaking giant General Motors (GM) has to present more detailed business plans before the Swedish government is prepared to offer credit guarantees for GM's troubled Swedish subsidiary Saab, reports said Tuesday.