Koenigsegg backs out of the Saab deal

**EKaru** · Tue, Nov-24-2009, 03:20:29 PM

Looks like Saab is in some serious trouble...

Quote:

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.

"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."

http://media.gm.com/content/media/us...medium=twitter

Saab shuts 81 (of 218) U.S. Saab dealers
http://www.saabsunited.com/2009/11/s...p-staying.html

http://www.motorauthority.com/blog/1...18-u-s-dealers

Rac10000 · Tue, Nov-24-2009, 03:37:20 PM

Ahh, that sucks! I was hoping to see some great Saab's a few years down the road.

I'd guess Saab will cease to exist soon ...

**EKaru** · Tue, Nov-24-2009, 03:37:41 PM

In other news:
U.S. group Crown plans Volvo cars bid-paper
http://www.reuters.com/article/priva...L3084520091121

Tue, Nov-24-2009, 03:37:20 PM	#2
Rac10000 Registered User Join Date: Jan 2006 Posts: 3,459 Reputation: 0 Location: Westchester, NY	Ahh, that sucks! I was hoping to see some great Saab's a few years down the road. I'd guess Saab will cease to exist soon ... __________________ 2011 BMW Z4 sDrive35is - Atacama Yellow over Black Alcantara/Leather - Euro Delivery on 7/19/2011! - Write-Up/Pictures 2011 BMW X6 xDrive35i - Sold on 4/19/12 - Alpine White over Saddle Brown Nevada Leather -PCD on 8/5/2010! - Pictures 2005 BMW Competition M3 - Sold on 12/11/10 - Silver Gray Metallic over Black Nappa Leather - Pictures 2005 Subaru Impreza WRX STi - Sold on 06/23/07 - Crystal Gray Metallic

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Tue, Nov-24-2009, 03:37:41 PM	#3
EKaru Moderator Join Date: Nov 2004 Age: 38 Posts: 32,287 Reputation: 766 Location: PA & MD	In other news: U.S. group Crown plans Volvo cars bid-paper http://www.reuters.com/article/priva...L3084520091121