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

Proving that JDM style has a lasting power that requires only small updates to stay relevant
Austin LottAug 17, 2018
Preview the October 2018 issue of Super street, featuring a VIP widebody RB26DETT Cima; 1,000hp pro drift E30 M3; Nissan vs. Toyota turbo inline-6s; and much more!
Bob HernandezAug 17, 2018
While Infiniti's previous Pebble Beach concept was inspired by race cars from the 1930s, the Prototype 10 is more of a reimagined speedster from the 1950s.
Collin WoodardAug 16, 2018
A Viper Green Metallic paint job isn’t just for the Lamborghini Huracán anymore. Soon you can order a 2019 Volkswagen Golf R in one of 40 custom colors.
Ed TahaneyAug 16, 2018
Super Street Network has teamed up with ENEOS to offer one lucky fan the chance of a lifetime - a spot for his or her vehicle to appear at the largest aftermarket trade show in the world: SEMA!
StaffAug 15, 2018
Sponsored Links

SEARCH ARTICLES BY MAKE/MODEL

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