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

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

BMW has revealed a limited-production model of its PHEV sports coupe dubbed the BMW i8 Protonic Red Edition with unique interior and exterior details.
Jason UdyFeb 12, 2016
The Actev Arrow Smart-Kart looks more like a racer than anything else we’ve seen up to this point, but it takes the concept one step further by incorporating the latest in smartphone technology.
Leslie ClemensFeb 12, 2016
M Performance model follows Alpina B7 in a tale of two range-toppers.
Stefan OgbacFeb 12, 2016
CLICK TO PLAY WITH AUDIO
Honda reveals its major racing efforts for 2016, including campaigns in F1, Super GT, and the WTCC.
Bob HernandezFeb 12, 2016
A studded tire bakery, RS legacy, Screaming V8, Item-B RX-7, and more!
Feb 12, 2016

SEARCH ARTICLES BY MAKE/MODEL

Search
TO TOP