Saab finds buyer
Published Date: 16th Jun 2009
GM Europe has announced that Koenigsegg , a fellow Swedish brand who builds some of the world’s fastest super cars has bought the ailing firm Saab.
In a memo sent out by GM Europe, it was stated that there had been an ‘understanding’ between the two firms with a final deal to be made in September 2009.
We know that GM will still provide the parts and platforms for a period of time, which allows the new Saab 9-5 to launch on time. See UK Car Discounts latest discounts on the Saab range.
Investment will come from the European Investment Bank, GM Europe and Koenigsegg.
Carl-Peter Forster, GM Europe President said, “Saab is a highly respected automotive brand with great potential. Closing this deal represents the best chance for Saab to emerge a stronger company.”