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

Driving the latest grown-up version of the Mini. Can it be luxurious and fun at the same time?
Ryan JurneckaFeb 9, 2016
Alpina has released full details of its newest model: the 2017 BMW Alpina B7 xDrive sedan, which will be the most powerful variant of the new BMW 7 Series.
Jason UdyFeb 8, 2016
In this interview with Pirelli Motorsports director Paul Hembrey, we get insights on the sometimes thankless job of supplying tires for F1 racing.
Ryan JurneckaFeb 8, 2016
CLICK TO PLAY WITH AUDIO
The Hakotora: A distinctive brew made up of a Datsun's Sunny truck body and the front half of a Hakosuka
Aaron BonkFeb 8, 2016
The Ferrari GTC4Lusso has been unveiled ahead of its debut at the 2016 Geneva auto show.
Stefan OgbacFeb 8, 2016

SEARCH ARTICLES BY MAKE/MODEL

Search
TO TOP