Victor Muller, CEO of Spyker Cars NV, said: 'We are delighted – Saab's future is now secure.'

Under Spyker's plans, the two carmakers will be run as sister companies under the umbrella of parent company Spyker Cars NV.

Mr Muller added: 'From today we will be concentrating all of our efforts into reviving Saab and transforming it into a sustainable and profitable company with the confidence to be bold. We will reinforce the emotional experience between Saab drivers and their cars and we will focus on Saab's historical strengths in the fields of independent thinking, aircraft heritage, ecological performance and motorsport.'

Jan Åke Jonsson, CEO of Saab Automobile AB, added: 'Today's announcement is great for Saab's customers, dealers, suppliers and employees around the globe, the level of passion and support shown to Saab over recent months has been remarkable and this does bode well for the future. Now we aim to get back to the execution of our business plan, starting with the introduction of the new 9-5 later this year, and with the continued support of our employees and business partners I am confident we will succeed.'