Report: GM Signs Over Saab to Koenigsegg

Report: GM Signs Over Saab to Koenigsegg
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General Motors has signed an agreement to sell off its Swedish Saab unit to the Koenigsegg Group. Led by supercar maker Koenigsegg, the group includes several additional investors. The deal will see the Koenigsegg Group take a 100 percent stake in Saab. In a statement Koenigsegg Group CEO Christian von Koenigsegg said that the group… Continue Reading...

GM Announces Official Yet Tentative Deal to Sell Saab to Koenigsegg

GM Announces Official Yet Tentative Deal to Sell Saab to Koenigsegg
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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...