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

The 2020 Tesla Roadster goes from 0-60 in 1.9 seconds, has a top speed of 250-plus mph, and can go 620 miles on one charge. Find out more here!
Alex NishimotoNov 17, 2017
What it took to prep the Super Street 2018 Toyota C-HR for the 2017 SEMA Show
Sam DuNov 16, 2017
Preview the January 2018 issue of Super Street, featuring SE*KI Motorsports’ 580HP 180SX; Michael Baghdadi’s Evo VIII; Will Tetro’s 1,100HP FC RX-7; Scotty G’s K20 911; and much more!
Bob HernandezNov 16, 2017
Whether you're into rotary powered vehicles or the more polarizing non-rotary builds, all of these RX-7s are insanely good.
Jofel TolosaNov 16, 2017
Set to arrive in 2020, the Aston Martin Valkyrie AMR Pro receives more power and additional aerodynamic updates compared to the road car.
Kelly PleskotNov 16, 2017
Sponsored Links

SEARCH ARTICLES BY MAKE/MODEL

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