Super Street Network

 |   |   |  Koenigsegg Group AB Terminates Agreement For Purchase Of Saab - Web Exclusive
Subscribe to the Free
Newsletter

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

Nov 24, 2009

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."

BROWSE CARS BY MARKET

MORE FEATURES

That means it will cost about the same as other hybrid performance coupes such as the $157,800 Acura NSX and the $148,495 BMW i8.
Collin WoodardApr 25, 2018
Global Rallycross Championship cancels its 2018 season
Bob HernandezApr 24, 2018
In case the Rolls-Royce Black Badge doesn’t make quite enough of a statement for your tastes. Goodwood goes even darker for you.
Kirill OugarovApr 24, 2018
One might expect the Dinan S1 M550i xDrive to be the F90 M5's alter ego but this is a vehicle with a substantially different personality than your typical M car.
Bradley IgerApr 23, 2018
The platform will underpin a new electrified vehicle that will be one of five new cars Infiniti will build in China in the next five years.
Kelly PleskotApr 23, 2018
Sponsored Links

SEARCH ARTICLES BY MAKE/MODEL

Search
CLOSE X
BUYER'S GUIDE
SEE THE ALL NEW
NEWS, REVIEWS & SPECS
TO TOP