Agent009 submitted on 11/24/2009 Auto Spies Photos Timestamp: 11:39:58 AM
Views : 10,824 | Category: Misc News | Source: | SOURCE: www.detnews.com
General Motors Co.'s efforts to sell castoff brands took another hit today when the buyer of Saab terminated the deal.In a short statement, GM said Swedish sports car maker Koenigsegg Group AB backed out for undisclosed reasons."We're obviously very disappointed with the decision to pull out of the Saab purchase," GM President and CEO Fritz Henderson said. "Many have worked tirelessly over the past several months to create a sustainable plan for the future of Saab by selling the brand and its manufacturing interests to Koenigsegg Group AB. Given the sudden change in direction, we will take the next several days to assess the situation and will advise on the next steps next week." 2011 BMW 5-Series Photo GalleryThe most comprehensive Lexus GX460 and GX470 Photo Gallery anywhere!2010 Lexus LS Sport and Hybrid Photo Gallery2010 BMW 7-Series M-Sport Photo Gallery2009 SEMA AUTO SHOW Photo Gallery Now LIVE!AutoSpies.com Photo GalleriesIf you want to see your photos running on our homepage photo ticker, be sure to upload your photos on the go by sending them to Mobile@AutoSpies.com Share on FacebookRead Article
General Motors Co.'s efforts to sell castoff brands took another hit today when the buyer of Saab terminated the deal.
In a short statement, GM said Swedish sports car maker Koenigsegg Group AB backed out for undisclosed reasons.
"We're obviously very disappointed with the decision to pull out of the Saab purchase," GM President and CEO Fritz Henderson said. "Many have worked tirelessly over the past several months to create a sustainable plan for the future of Saab by selling the brand and its manufacturing interests to Koenigsegg Group AB. Given the sudden change in direction, we will take the next several days to assess the situation and will advise on the next steps next week." 2011 BMW 5-Series Photo GalleryThe most comprehensive Lexus GX460 and GX470 Photo Gallery anywhere!2010 Lexus LS Sport and Hybrid Photo Gallery2010 BMW 7-Series M-Sport Photo Gallery2009 SEMA AUTO SHOW Photo Gallery Now LIVE!AutoSpies.com Photo GalleriesIf you want to see your photos running on our homepage photo ticker, be sure to upload your photos on the go by sending them to Mobile@AutoSpies.com Share on Facebook
Share on Facebook
"Normal is an illusion. What's normal for the spider is chaos for the fly."— Agent009 (View Profile)
"Normal is an illusion. What's normal for the spider is chaos for the fly."
— Agent009 (View Profile)
More photo galleries