Report: Sweden Grants Saab $610 Million Loan

Report: Sweden Grants Saab $610 Million Loan
Share this Article
Saab has secured a $610 million loan from the European Investment Bank after the Swedish government said it would stand behind the loan. This may just be the last step in finalizing the sale of Saab to a group of investors headed by Swedish supercar maker Koenigsegg. The sale of Saab by General Motors to… Continue Reading...

Report: GM Signs Over Saab to Koenigsegg

Report: GM Signs Over Saab to Koenigsegg
Share this Article
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...