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

40 years of BMW 3, Russian tuners Top Car, 700-hp 135i for $40K, Ferrari at Laguna Seca, and more in the September 2015 issue of European Car
Bob HernandezAug 28, 2015
Rear-drive coupe becomes slightly more affordable.
Jason UdyAug 27, 2015
The mid-engined Veloster concept will also make an appearance.
Erick AyapanaAug 26, 2015
You’d Be Hard Pressed to Find a Supra Cleaner Than This
Jonathan WongAug 26, 2015
Drop-top S-Class shows off its swanky cabin to the elements.
Jake HolmesAug 25, 2015

SEARCH ARTICLES BY MAKE/MODEL

Search

SuperStreet Instagram

Does it drive as good as it looks? Yes it does! #superstreet #drivingisbelieving #bmwi8 #azusacanyon

TO TOP