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

Our top tuner car picks featured in 2014 print issues
Sean RussellDec 18, 2014
Video game concept previews what we can expect on a future car.
Kelly PleskotDec 17, 2014
Looks are deceiving with this K-swap from Arkansas
Matthew RodriquezDec 16, 2014
To celebrate a massive milestone, Aston Martin Works will release 6 very limited-edition Vanquish Coupes.
Jake HolmesDec 15, 2014
Reflecting on the builds that blew our minds
Sean RussellDec 15, 2014

SEARCH ARTICLES BY MAKE/MODEL

Search
TO TOP