Super Street Network

 |   |   |  Koenigsegg Group AB Terminates Agreement For Purchase Of Saab - Web Exclusive

Koenigsegg Group AB Terminates Agreement For Purchase Of Saab - Web Exclusive

Nov 24, 2009
SHARE

DETROIT -- General Motors confirmed today that the proposed sale of its Saab subsidiary to Koenigsegg Group AB was terminated at the discretion of the buyer.

Epcp_0911_01_z+koenigsegg_group_ab_cancels_saab_purchase+logo Photo 2/2   |   Koenigsegg Group AB Terminates Agreement For Purchase Of Saab - Web Exclusive

"We're obviously very disappointed with the decision to pull out of the Saab purchase," said GM President and CEO, Fritz Henderson. "Many have worked tirelessly over the past several months to create a sustainable plan for the future of Saab by selling the brand and its manufacturing interests to Koenigsegg Group AB. Given the sudden change in direction, we will take the next several days to assess the situation and will advise on the next steps next week."

SHARE ARTICLE

RELATED ARTICLES

BROWSE CARS BY MARKET

MORE FEATURES

Looking at how the ur-quattro came to be and how it influenced the design and engineering of so many performance cars
John RettieApr 1, 2015
The most aggressive road-going iteration of the new Miata
Kelly PleskotApr 1, 2015
For the first time ever, the U.S. will get a Honda Civic Type R.
Scott EvansApr 1, 2015
The most powerful Boxster ever.
Erick AyapanaApr 1, 2015
BRZ Super GT race car engine not likely for production.
Jason UdyApr 1, 2015

SEARCH ARTICLES BY MAKE/MODEL

Search
TO TOP