Loading indicator
News & Reviews
Last 7 Days


by Matt Brogan

A report published by Reuters Newsagency today has said that with Koenigsegg planning to finalise its purchase of SAAB within a few weeks, the group has announced that it will not be asking the Swedish government for any loan beyond that money already guaranteed by the European Investment Bank.

“They have presented us with a plan … we will look at it from our side and decide how credible it is,” said State Secretary Joran Hagglund. “As I understand it, they will present information on the matter in the coming days.”

Koenigsegg has reportedly secured an additional US$420 million on top of the EIB loan. During an interview with Swedish radio, Mr Hagglund did not reveal where that missing funding would come from.

No new investors in Koenigsegg have been registered in Sweden – and the company lost the funding of its American investor, Mark Bishop.

The supercar maker says it hopes to have SAAB acquired from current owner General Motors by the end of September.




SHARE THIS ARTICLE