GM Announces Official Yet Tentative Deal to Sell Saab to Koenigsegg

By Colum Wood Jun 16 2009

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General Motors has officially announced it has reached a tentative deal to sell its Swedish Saab brand to a group of companies lead by Swedish supercar-maker Koenigsegg. The deal will see the Koenigsegg group receive $600 million in funding from the European Investment Bank, which has been guaranteed by the Swedish government. GM will provide... Continue Reading...

Filed under: European Featured Articles GM Koenigsegg Saab Sidebar
Tags: Carl-Peter Forster, EIB, european cars, european investment bank, general motors, general motors europe, GM, gm europe, Jan-Ake Jonsson, Koenigsegg, Saab, sweden, swedish cars, Trollhättan

Koenigsegg In the Running to Buy Saab?

By Colum Wood Jun 02 2009

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In a surprising move, a potential buyer for Saab has been found from the company’s home country. Nope… note Swedish automaker Volvo, but Swedish supercar maker Koenigsegg. The news comes from the newspaper Dagens Industri and is so surprising because of Koenigsegg’s mass-market obscurity. Koenigsegg has, however, made a success out of its supercar business,... Continue Reading...

Filed under: European Featured Articles GM Saab
Tags: european cars, general motors, GM, Koenigsegg, Saab, sweden, swedish cars, viability plan