Breaking News: Koenigsegg buys Saab

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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1dott8 - 6/12/2009 10:12:45 AM

+2 Boost

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.

sstainba - 6/12/2009 10:45:13 AM

+3 Boost

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.

inspirion7 - 6/12/2009 11:40:47 AM

+1 Boost

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.

Agent63 - 6/13/2009 5:07:10 AM

+1 Boost

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

theoptimisticpessimist - 6/13/2009 11:43:01 AM

0 Boost

HURRAH!

Jordanski - 6/13/2009 4:58:01 PM

0 Boost

WTF