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General Motors confirmed today that the proposed sale of its Saab subsidiary to Koenigsegg has been terminated at the discretion of the buyer. "We're obviously very disappointed with the decision to pull out of the Saab purchase," said GM...
Koenigsegg has clarified its position on the purchase of Saab from General Motors this weekend saying it is still on track to finalise the deal by the end of October. Mr Christian von Koenigsegg, CEO and part owner of the Swedish luxury sports...
As we reported last week Koenigsegg will not seek additional Swedish government funding in its purchase of SAAB from General Motors, however, according to a report published by Reuters Newsagency today, China's Beijing Automotive Industry Holdings...
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...
It does seem strange doesn’t it, that each year, millions of people around the world flock to car shows of static displays of their favourite four-wheel objects, specifically designed to move us from one place to another.
Sweden's Koenigsegg has closed its purchase of Saab from America's General Motors according to a report from Reuters Newsagency this afternoon. Although financing arrangements have yet to be finalised, the sale was agreed upon at an unannounced...
Following reports that the Swedish Government was investigating claims that there were problems with the investor base of niche sports car maker Koenigsegg, which is planning to take over General Motors subsidiary Saab, Reuters Newsagency says a...
Financially challenged US carmaker General Motors has announced that it has agreed with Koenigsegg Group AB to a Memorandum of Understanding for the purchase of Saab Automobile AB, its loss making Swedish automotive arm.
Saab has said it is likely to unveil its new owner this week, and that three quarters of its creditors had agreed to a proposed write-down of the brand's debt. Saab is not commenting on who its new owner could be but reports say General Motors...
General Motors has today announced that Swedish supercar manufacturer Koenigsegg is the current front runner to buy out GM's struggling Saab brand. As we reported last week, Koenigsegg has been interested in Saab for some time.