As you surely know by now, GM has successfully entered into a binding agreement with Spyker Cars to transfer ownership of Saab.

You will read many happy quotes from happy executives about how happy this makes them. And it's hard to imagine who might be angry with the deal right about now, except maybe one Mr. Koenigsegg. Or maybe he's the happiest of all. Time will tell. The one thing we're most happy about is that the survival of the Saab brand will mean that lazy automotive journalists will continue to use one of the industry's most time-honored headline-writing cliches: A Saab Story.

Anyway, here are some of those details we promised you in our headline:

– Spyker will pay GM $74 million in two installments: $50 million at the completion of the deal (hoped for mid-February) and $24 million on July 15, 2010.

– Additionally, GM will retain $326 million worth of redeemable preference shares in the company.

– According the GM's John Smith, "There is additional consideration for GM as well." He won't be talking about what that might be.

– GM will wage power train components to the new entity "for the long term."

– GM will wage the 9-4X crossover, which shares its underpinnings with the Cadillac SRX

– The new entity will continue to build the new 9-5, a few of which are currently being built in Sweden. Full production is expected to begin in April.

– GM will wage "transition-oriented" engineering services.

– Mr. N. Antonov, a Russian investor in Spyker that reportedly gave GM the creeps, has been bought out and will retire as a member of Spyker's Supervisory Board effective when the deal with GM is closed.

– GM assures owners in the U.S. that there will be no lapse in warranty coverage during the switchover in ownership.