Koenigsegg buys Saab

Posted on 16 Jun 2009 by The Manufacturer

Supercar maker Koenigsegg leads a consortium that has agreed a deal to buy fellow Swedish automotive firm Saab from the troubled General Motors.

GM Europe will continue to support Saab during an extended handover period, it is understood, and the Swedish government will underwrite £365m worth of funding from the European Investment Bank (EIB) to enable the deal to go ahead. No word has been released on how much the consortium will pay GM for Saab but the…

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