Sweden's Koenigsegg Group AB, maker of some of the world's fastest and most expensive sports cars, has struck a deal to buy loss-making Saab Automobile from General Motors, the companies said on Tuesday.
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General Motors Europe said on Tuesday a preliminary agreement had been reached to sell the company's loss-making Swedish unit Saab to luxury carmaker Koenigsegg.
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Sweden's Koenigsegg, maker of some of the world's fastest and most expensive sports cars, has struck a deal to buy money-losing Saab Automobile from bankrupt General Motors.
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Bankrupt General Motors has agreed to sell money-losing Saab Automobile to Sweden's Koenigsegg Automotive AB, a maker of some of the world's fastest and most expensive sports cars.
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Sweden's Koenigsegg, maker of some of the world's fastest and most expensive sports cars, has struck a deal to buy money-losing Saab Automobile from bankrupt General Motors.
Full story...
Sweden's Koenigsegg, maker of some of the world's fastest and most expensive sports cars, has struck a deal to buy money-losing Saab Automobile from bankrupt General Motors.
Full story...
Bankrupt General Motors has agreed to sell money-losing Saab Automobile to Sweden's Koenigsegg Automotive AB, a maker of some of the world's fastest and most expensive sports cars.
Full story...
GM Europe reaches a deal that will see supercar firm buy Saab
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Zurich - General Motors Corp. and Koenigsegg Group AB, a consortium led by Koenigsegg Automotive AB, today confirmed the details of a memorandum of understanding for the purchase of Saab Automobile AB that secures Saab's future.
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A new owner for Saab could be announced this week, according to a media report.
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General Motors' Saab said it was likely to announce its new owner this week and that three quarters of its creditors had agreed to a proposed writedown of the money-losing brand's debt.
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Saab said on Monday it is likely to unveil its new owner this week, and that three quarters of its creditors had agreed to a proposed writedown of the brand's debt.
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Koenigsegg Automotive believes it can rescue General Motors' loss-making Saab unit, a co-owner of the Swedish luxury sports car maker said.
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Koenigsegg Automotive believes it can rescue General Motors' loss-making Saab unit, a co-owner of the Swedish luxury sports car maker said.
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Koenigsegg Automotive believes it can rescue General Motors' loss-making Saab unit, a co-owner of the Swedish luxury sports car maker said.
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In today's News Brake: The FIA names the teams for next year's Formula One series, and a battle is brewing; we bring you a pony-car showdown; and Swedish sports-car maker Koenigsegg is said to be the winning bidder for Saab ...
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General Motors is close to selling its money-losing Swedish unit Saab after tiny supercar maker Koenigsegg agreed to ride to the rescue, a source familiar with the talks told Reuters.
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Swedish supercar producer Koenigsegg and a consortium of Norwegian investors are in exclusive negotiations to buy General Motors's Saab division, according to media reports citing people close to the talks.
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While the news has yet to be made official, all signs point to Saab being purchased from General Motors yet remaining in Swedish hands. Domestic manufacturer Koenigsegg, specialized in ultra-premium sports cars, just signed a Letter of Intent (LoI) with the support of the Swedish government, as reported.
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General Motors has chosen Swedish luxury sports car maker Koenigsegg Automotive AB as the preferred bidder for the Saab brand, news reports said.
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