If you are a Saab fan and you have been waiting on pins and needles to hear if Koenigsegg is actually going to buy Saab from GM – I am the bearer of bad news. Well – actually, autoblog.com is because that is where I caught this headline from. Koenigsegg is actually pulling out of the negotiations to buy Saab.
Right now – no one really knows what is going to happen with the Swedish automaker’s future right now. It is really unclear exactly what is going to happen but GM is going to take the next several days in order to actually assess the situation and figure out what they are going to do.
GM is really looking to get Saab off of their plate so they can move onto bigger brands but no one really seems to take all that much interest in this brand.
Koenigsegg Group and General Motors have reached the final table deal with regard to the fate of the Saab. After twenty years of American ownership, Swedish supercar maker Koenigsegg will have 100% control over the Saab brand.
The deal will be concluded after a few months and the Saab brand will know what lies ahead. Koenigsegg and GM will be handling necessary legal re-organization and discuss some closing conditions.
General Motors is expected to give transitional assistance for the operation of Saab. The Swedish government has also promised to inject some funding to the turnover.
For a certain time frame, Koenigsegg and GM will be sharing their services and technology guided by set agreements. The Swedish car maker plans to put into effect some solutions to revive Saab but it is a big job to prove for a company with only 50 employees that sell a number of $1 million cars annually.
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