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Breaking News: Koenigsegg buys Saab

tryme submitted on 6/11/2009 Official Bell & Ross Timestamp: 7:38:06 PM

7 user comments | Category: Misc News | Source: | SOURCE: www.4wheelsnews.com

According to the latest reports, it appears that General Motors signed a letter of intent to sell the Saab brand to Koenigsegg, the Swedish supercar manufacturer and a group of Norwegian investors.

If the sale will be made, then GM will have to provide $500 million in assets and cash, plus production equipment for a new Saab model but also the $150 million of cash already in Saab’s account.

For those folks who don’t know, Koenigsegg was born back in 1994 and currently produces almost 20 supercars per year…each priced at $1,6 million… so money will not be a problem for the new owner.

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Breaking News: Koenigsegg buys Saab

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tryme

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User Comments

1dott8

PLEASE let this happen. Saab needs a good company's backing. I was a Saab fan from a little kid but throughout the years I stopped liking them due to GM's management but if Koenigsegg can turn them around (maybe start by making RWD Saabs, tighten the suspension and bring it a little more upmarket) i'm all for it.

— 1dott8 (View Profile)

Posted on 6/12/2009 10:12:45 AM | reply to this comment | Votes: 2   

sstainba

I agree... I was considering a Saab last year. The newer 93 models have grown on me... I think that with a little more finess they could be much more prominent.

— sstainba (View Profile)

Posted on 6/12/2009 10:45:13 AM | reply to this comment | Votes: 3   

inspirion7

I've always had a soft spot for SAAB. GM helped SAAB but also it hendered the company for not allowing it to fully develop into a true Audi competitor. That would have taken a total hands off approach. Possibly under Koenigsegg, it will flourish. Can't wait to see the 9-4x and the new 9-5.

— inspirion7 (View Profile)

Posted on 6/12/2009 11:40:47 AM | reply to this comment | Votes: 1   

HyundaiSmoke

Great deal!!!

— HyundaiSmoke (View Profile)

Posted on 6/13/2009 2:23:26 AM | reply to this comment | Votes: 0   

Agent63

Saabs have been held back by GM over the past years. Now things will change hopefully!.

— Agent63 (View Profile)

Posted on 6/13/2009 5:07:10 AM | reply to this comment | Votes: 1   

theoptimisticpessimist

HURRAH!

— theoptimisticpessimist (View Profile)

Posted on 6/13/2009 11:43:01 AM | reply to this comment | Votes: 0   

Jordanski

WTF

— Jordanski (View Profile)

Posted on 6/13/2009 4:58:01 PM | reply to this comment | Votes: 0   

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